The Fed cut interest rates but mortgage costs jumped. Here's why - CNBC

The average 30-year fixed mortgage rate spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.

By: CNBC

Dec 22 2024
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Homebuyers touring a house with a real estate agent. The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed ra… [+1501 chars]

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