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re: Q4 GDP blows past expectations - 3.3% vs 2% expectations
Posted on 1/25/24 at 8:06 am to slackster
Posted on 1/25/24 at 8:06 am to slackster
What would this mean for short-term (1-3 months) of mortgage rates?
Better economy means that fed has no need to lower rates right? which keeps mortgage rates higher?
Better economy means that fed has no need to lower rates right? which keeps mortgage rates higher?
1
Posted on 1/25/24 at 10:21 am to tissle
quote:
Better economy means that fed has no need to lower rates right? which keeps mortgage rates higher?
The bond market doesn't think it's a better economy so mortgage rates will fall with the ten year. The Fed has no say in it. All they can do is inject volatility into bills markets.
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