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Feds cut their rates but mortgage rates go up???

  It is hard to understand how it can be, if the Feds make a rate cut yet mortgage rates go up! Below is an email that was sent to me by a lender at Waterstone Mortgage. I hope this can help you understand this. Banks don't always act the way you expect them to, and this week is an example. The Federal Reserve cut short-term interest rates on Dec. 18. So what did mortgage rates do? They went...

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Mary Cockburn - 5 Star Real Estate Agent serving Edgewood, Albuquerque, & East Mountain