The Fed cut interest rates, but mortgage costs jumped. Here's why

  • Posted on December 20, 2024
  • By CNBC
  • 4 Views
The Fed cut interest rates, but mortgage costs jumped. Here's why

The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
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CNBC

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