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The Fed Just Raised Rates — Why Your Quote Didn't Move
The Fed raised rates to 3.75%–4% on Sept. 16, yet the 30-year fixed stayed at 6.95%. Here's why the bond market already priced it in.
Cary Tennis80Why Mortgage Rates Crossed 7%: What the Spike Means
Rising oil prices and sticky inflation pushed the 10-year Treasury yield to its highest since 2007, sending 30-year fixed mortgage rates back above 7%.
Glen Henderson, San Diego Realtor2340Why Mortgage Rates Aren't Waiting for the Fed
Mortgage rates follow the 10-year Treasury yield and the bond market, not the Fed's benchmark rate. Waiting for a rate cut can cost buyers the right home.
Lisa Torino81
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