The Fed Cuts, and Mortgage Rates Climb. Why It Happened and What to Do Now.
1. Mortgage rates rose to 6.35% post-September Fed rate cut. 2. Higher mortgage rates could deter refinancing activities among homeowners. 3. 10-year Treasury yield increased, affecting mortgage rate expectations. 4. Future rates depend on inflation and employment data. 5. Market anticipates possible lower rates in coming weeks.