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Fed cuts rates half percentage, Why did mortgage rates rise?

Fed cuts rates half percentage, Why did mortgage rates rise?

by | Sep 18, 2024 | 2024 mortgage rates, 2024 real estate predictions, Atlanta Hard Money, Colorado Hard Money, Colorado private lender, Georgia hard money, interest rates, mortgage rates

The market was anticipating a much smaller cut by the federal reserve as inflation is still high and employment and spending is holding up.  The odds were about 75% for a smaller cut, but the federal reserve definitely surprised with a much larger cut of half a...