mortgage rates and fed meetings

Why Mortgage Rates Shot Toward 7% Before the Fed Raised Rates — Photo by Gustavo Fring on Pexels

Market Obsession Kills Your Mortgage Rate

Market obsession kills your mortgage rate because traders embed expectations of Fed policy into bond prices, and in the past 90 days that has added roughly $3,200 to the average borrower’s closing costs. I have seen buyers lose thousands before the Fed even speaks. Financial Disclaimer: This article