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Mortgage rates are down from peak https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US Which is what people buy bas
by steveBK123 3y ago
Mortgage rates are down from peak
https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US
Which is what people buy based on
- BLKNSLVR 3y agoThat's very interesting. Mortgage rates dropped without a corresponding drop of the fed rate. In Australia the big lenders are in lock step with the reserve bank on rate increases, and lag behind on rate decreases.
- steveBK123 3y agoInflation is coming down, Fed is signaling they would cut without a recession in order to hold "real rates" as inflation drops, etc. Mostly a discussion as how many Fed cuts we see in 2024 now, not whether they will.
- caeril 3y agoMortgage rates are tied far more closely to 10y TSY yields than the FFR, and the 10y yield is predicting FFR rate decreases in the future.