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Mortgage Rates Driven by Investors | Real Estate News
Mortgage rates are surging past 7% as bond yields climb and inflation looms — but the Fed’s upcoming rate move might not be the real story. With a 92.7% chance of a hike, investors’ reactions could sway rates more than any Fed decision. Short-term rates don’t directly control mortgages, and past cuts have even led to higher borrowing costs. If the Fed raises rates, it might signal inflation control, potentially paving the way for future drops. Meanwhile, homebuyers are turning to adjustable-rate loans, betting on lower rates ahead — and adjusting their budgets now. Listen in comfort:Get a…
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