Mortgage rates are definitely higher today–the highest since January 13th, 2025. Today’s Fed announcement had something to do with that. But while the Fed hiked the Fed Funds Rate, that had NOTHING to do with mortgage rates moving higher this afternoon. In fact, this is very easy see on a chart of bond market movement. […]
No, The Fed Didn’t Hike Mortgage Rates Today Read More »
Key insight: Fed Chair Kevin Warsh said he follows bond markets and believes they give important signals, but he said the central bank is not beholden to them. Expert quote: “Consider the geopolitical landscape of shocks and uncertainty, and you begin to appreciate the resilience of the U.S. economy. Given that resilience and the potential
Warsh: Rising bond yields a sign of strong U.S. economy Read More »
Federal policymakers’ confirmation of a 25 basis point tightening in short-term rates aimed at quelling inflation gave home lenders that had already priced in this possibility a brief counterintuitive respite Wednesday afternoon. Processing Content Long-term home loan rates initially ceased their rise and declined by 0.125% to .25% shortly after the 2 p.m. release of
Mortgage lenders need to keep innovating after Fed hike Read More »