​’Homes Are Still Overpriced, Unaffordable’ As Fed-Cut Sparks Mortgage-Rate Melt-Up – Tyler Durden

‘Homes Are Still Overpriced, Unaffordable’ As Fed-Cut Sparks Mortgage-Rate Melt-Up This wasn’t supposed to happen… Treasury yields have taken off rather dramatically since The Fed slashed rates by 50bps in mid-September… A few more cuts by the Fed and the average mortgage rate will hit an all time high. pic.twitter.com/3Jllcwnayj — zerohedge (@zerohedge) October 30, 2024 …as the market seems to be screaming ‘policy error’ rather loud (or political pandering if you squint a little). But it’s not just Wall Street that is questioning The Fed’s actions, Main Street is hurting even more as mortgage rates have soared back near…  — Continue at ZeroHedge News : Read More