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What Fed Rate Cuts REALLY Do to Mortgage Rates in 2024? #shorts #interestrates

Ever wondered why mortgage rates rise after the Fed cuts rates? It’s all about the bond market! In this video, I explain how short-term Fed rate cuts impact long-term mortgage rates and why we’re seeing rates climb back to 7%.

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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