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via armstrongeconomics.comEconomy

The Fed Does Not Control Your Mortgage

FROM THE WIRE · ARMSTRONGECONOMICS.COM

The average 30-year mortgage has jumped to 7.49%, the highest since November 2023. This is happening while everyone continues to obsess over what the Federal

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearish30-year mortgage rates hit 7.49%, highest since November 2023, driven by bond markets rather than Fed policy alone.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Average 30-year mortgage rate jumped to 7.49%, highest since November 2023.
  2. 02Mortgage rates are driven by bond markets, not solely by Fed policy decisions.
  3. 03Rising rates reflect inflationary pressures and market expectations on yields.

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