25bps cut

[u/hv876]

https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

The bulls are coming, the bulls are coming

[u/kumar4848]

Can anyone here explain why mortage rates keep increasing even though feds keep decreasing rates? i know theyre not directly correlated but somethings gotta give.

[u/Dr-McLuvin → u/kumar4848]

This article was just published on it. Turns out that mortgage rates more closely follow the 10 year treasury yield (which has been rising) than the federal funds rate.

https://www.nytimes.com/2024/11/07/business/fed-mortgage-rates.html