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'Homes Are Still Overpriced, Unaffordable' As Fed-Cut Sparks Mortgage-Rate Melt-Up
'Homes Are Still Overpriced, Unaffordable' As Fed-Cut Sparks Mortgage-Rate Melt-Up This wasn't supposed to happen... Treasury yields have taken off rather dramatically since The Fed slashed rates by 50bps in mid-September... A few more cuts by the Fed and the average mortgage rate will hit an all time high. pic.twitter.com/3Jllcwnayj — zerohedge (@zerohedge) October 30, 2024 ...as the market seems to be screaming 'policy error' rather loud (or political pandering if you squint
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