Fed sounding board: mortgage rates rise after rate cuts partly due to positive economic da
On October 24, Nick Timiraos, “the Fed's sounding board,” said that in the previous events of the Fed's first rate cuts, the sharp declines in mortgage rates occurred before the Fed cut rates.Mortgage rates rose in the weeks following the first cut in 1995 (a soft landing), in part because of the subsequent of better economic activity data.
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