Why Fed Rate Cuts Aren’t Making Mortgages Cheaper
December 18, 2024
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as posted by the channelFederal Reserve interest rate decision can affect the cost of mortgages. But that link from the Fed to your monthly payment isn’t direct. Fed decisions affect the investors demand for debt products like treasury bills and mortgage-backed securities. The shifting demand will, in turn, affect the rates Americans pay for new mortgages. Meanwhile, the Fed is reducing its holdings of debt, which it accrued during recent economic emergencies. That reduction in the Fed's assets, particularly mortgage-backed securities holdings, could keep upward pressure on mortgage rates. The upward pressure may keep rates elevated even as the Fed reduces the federal funds rate heading into 2025.
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Produced, Shot and Edited by: Carlos Waters
Additional Camera: Nathaniel Lee, Charlotte Morabito
Senior Producer: Shawn Baldwin
Graphics: Christina Locopo
Additional footage: Federal Reserve, Getty Images
Additional sources: BNL Appraisal, The Brookings Institution, Federal Housing Finance Agency, Federal Reserve Bank of Dallas, Federal Reserve Bank of Kansas City, Federal Reserve Bank of St. Louis, ICE Mortgage Technology, Mortgage Bankers Association, Peter G. Peterson Foundation, SmartAsset
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Why Fed Rate Cuts Aren’t Making Mortgages Cheaper
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