The Fed cut its interest rate, but long-term rates — including those on mortgages — went higher
1. 10-year Treasury yield rose sharply despite Fed's interest rate cut. 2. Lennar missed revenue expectations and provided weak delivery guidance. 3. Higher yields signal potential challenges for mortgage-related costs. 4. Inflation concerns persist, impacting bond investor decisions. 5. Lower mortgage rates correlated with Fed's policy but are now rising.