When Will Fed Cuts Reach Mortgage Rates? | Presented by CME Group
November 25, 2024
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1:16Now PlayingWhen Will Fed Cuts Reach Mortgage Rates? | Presented by CME Group
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as posted by the channelThe Fed has made two highly anticipated rate cuts in 2024, lowering its official rate for the first time in four years to 4.75% from around 5.5%. That, however, may come as a surprise to the roughly 85 million holders of residential mortgages in the US, who have seen retail lending rates increase since the Fed began its ratecut cycle. Why has the Fed’s monetary policy shift not had its anticipated impact? Presented by @cmegroup
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