Mortgage Rates Remain High Despite Fed Cuts and Election Outcomes

Mortgage rates are expected to remain high following Donald Trump's election win, despite Federal Reserve interest rate cuts. This is because mortgage rates are more closely tied to 10-year treasury bond yields, which have risen due to strong economic growth expectations. Trump's proposed economic policies, such as tax cuts and infrastructure spending, could further drive inflation and bond yields, keeping mortgage rates elevated. However, some experts believe rates may eventually decrease as market volatility settles post-election.