You’re both right - but to Roz’s point - the 30 yr mortgage rate correlates much more closely to a spread from the 10 yr Treasury yield. Which, as I mentioned in my other post, fluctuates broadly on economic expectations and rate moves across the yield curve - and not strictly the Fed Funds rate. Thanks Kristin!

Good article - I would only add that changes to the Fed Funds rate do not directly translate to a 30 yr mortgage rate. Mortgage rates can and do fluctuate based on market benchmark rate expectations and can rise even in the absence of formal “Fed action”. Many sites like Bankrate.com will show you current and…