Why Are Mortgage Rates Rising After Fed Cuts? October Market Insights Explained!

Confused about mortgage rates? You're NOT alone:

• Even after the Fed rate cut, rates have been rising.
• Largely due to stronger-than-expected economic data.
• This week’s bond market showed signs of stabilizing

In October, mortgage rates left many puzzled as they continued to rise despite the Fed's rate cut. The unexpected increase was driven by stronger-than-anticipated economic data. However, there were signs of stability in the bond market this week, offering a potential reprieve.