The Fed raised rates. So why did mortgage rates fall?

Hello This post The Fed raised rates. So why did mortgage rates fall? was first posted on Naijaonpoint.com.ng and is written by Mark Dennis.

(Getty) Conventional wisdom is that when the Federal Reserve raises interest rates, mortgage rates are sure to follow. Well, not necessary. After the Fed raised its benchmark rate to a historic 75 basis points, the average rate on 30-year term mortgages fell from 5.54 percent on Wednesday to 5.22 percent on Thursday. On Friday, it […]

Hello This post The Fed raised rates. So why did mortgage rates fall? was first posted on Naijaonpoint.com.ng and is written by Mark Dennis.

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