Mortgage Rates increased?
The fed lowered rates .25% last time. Why did a 30 year mortgage increase from 5.61% to 5.79%?
Okay, I hear some of you, but in some of your reasonings, the rate should have stayed the same. But they instead increased .19% on FIXED mortgages.
Okay. They aren’t directly related. THEN WHY DID THEY INCREASE?