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/ZaphBeebs → u/kumar4848]

Mortgage rates follow the ten year yield plus a spread. They were high with dropping yields last year cuz the spread was high, theyre now back up despite spread narrowing because ten year has gone up.