Why Fed Rate Cuts Don’t Automatically Lower Mortgage Rates
When the Federal Reserve announces a rate cut, many people expect mortgage rates to drop right away. It seems like common sense — if the Fed lowers rates, mortgages must get cheaper, right?
Not exactly.
Why Fed Rate Cuts Don’t Automatically Lower Mortgage Rates
When the Federal Reserve announces a rate cut, many people expect mortgage rates to drop right away. It seems like common sense — if the Fed lowers rates, mortgages must get cheaper, right?
Not exactly.