General World News

The Federal Reserve delivers lower rates for Christmas

The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week.

Mortgage rates and the 10-year yield

What a crazy week! Not too long ago, on jobs Friday, I was on the HousingWire Daily podcast saying it’s time to declare war on the Federal Reserve for being too restrictive; you can listen to the podcast here. A few days later, the Fed corrected its details ⇒

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