Think mortgage rates dropped when the Fed lowered their rates? Think again! Surprisingly, mortgage rates actually went up after the Fed’s recent announcement. While rates have still decreased over the past 6 months, from 7.5% to around 6.15%, making homeownership more affordable, many are wondering why rates didn’t drop further after the Fed's move. In this video, we’ll dive into the reasons behind this trend, how the Fed’s actions impact mortgage rates, and what this means for homebuyers. Stay informed and subscribe for the latest updates on the housing market!
