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The Fed cut interest rates, but mortgage costs jumped. Here's why

The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.

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Dec 21, 2024 - 05:00
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The Fed cut interest rates, but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
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