Everyone is waiting for the Fed to bring mortgage rates back down. But what if the bigger story is happening somewhere else?
In this episode of The RE Source, we break down America’s growing debt costs, the Treasury market, and why longer-term interest rates matter so much for mortgages.
We explain why Fed cuts and lower mortgage rates are not necessarily the same thing, how government borrowing can influence bond yields, and why the industry may eventually need to rethink what a “normal” mortgage rate looks like.
Mortgage rates can still move lower, but waiting for the market we wish we had may not be the best strategy. Watch the full episode for the bigger picture.
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