Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
So why have mortgage rates have continued to increase since the cut? The aggressive rate cut by the Fed was a relief, dropping to 4.875%, down from a 23-year high of 5.5% It was meant to curb ...
Last month, the Federal Reserve cut a key interest rate by a larger than expected half percentage point, the first reduction ...