Why US Mortgage Rates Rise Even When the Fed Cuts Interest Rates: A Lesson for Indians
The US Federal Reserve (Fed) has made headlines for its efforts to control inflation. The central bank has been aggressively cutting interest rates since August’2024. But there’s a puzzling twist: mortgage rates in the US are still rising. Yes, it’s happening and that is what’s strange. Despite the Fed lowering rates to stimulate the economy,…