Mortgage rates jumped from 6.13% to 6.22% overnight – even though the Fed just cut rates. Why? The 10-year Treasury yield surged after the Fed’s dot plot revealed at least two more cuts this year but also one member calling for a hike. Here’s what it means for your mortgage.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate