​The Fed Is Cutting… So, Why Are Mortgage Rates Going Up? – Tyler Durden

The Fed Is Cutting… So, Why Are Mortgage Rates Going Up? Via SchiffGold.com, Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up? The Fed has turned hawkish relative to its recent rhetoric, resisting to slash interest rates as low as it had envisioned. Although it’s continuing to cut, the Fed’s actions primarily influence short-term interest rates, such as the federal funds rate. This is the rate at which banks lend to one another overnight. These short-term rates affect a wide range of borrowing costs…  — Continue at ZeroHedge News : Read More