The relationship between “Fed rate hikes” and mortgage rates can be confusing at first glance. After all, mortgage rates moved lower in the days and weeks following the past 3 Fed rate hikes. While they aren’t necessarily repeating the same pattern this time around, mortgage rates were nonetheless unfazed by this week’s Fed hike.
Source: Kevin Litwicki Universal Lending
Making Sense of Lower Mortgage Rates Despite Fed Rate Hike