Mortgage News Daily: Fed Hikes Rates. Mortgage Rates Drop. Here's How That Works

[Robin Simon]

Fed Hikes Rates. Mortgage Rates Drop. Here's How That Works

By: Matthew Graham33 Min, 44 Secs ago

For some, this will be old hat. For others, there's a mystifying dynamic that demands explanation. The confusion stems from years of being conditioned to believe that when the Fed "hikes" or "cuts" rates that mortgage rates move accordingly. That's actually not exactly how it works.

The Fed is currently in a rate hike cycle, so we'll focus on that. Today was the latest installment with an as-expected 0.25% increase to the Fed Funds Rate.

Rest of Article: https://www.mortgagenewsdaily....

Another great day in the markets from the Fed press conference reaction, will we see rates under 6 by the end of the week?