Yes! Mortgage Rates Really Did Move HIGHER After The Fed Rate Cut

We publish daily coverage of mortgage rate movement and have done so for nearly 20 years now.  It's a great place to quickly check in on rate trends and to get a sense of what's true and what matters.  If you'd been checking in at any point in the past few days/weeks, you likely saw one of several attempts to remind readers that today's Fed rate cut not only had absolutely no implication for lower mortgage rates , but indeed that mortgage rates have often moved higher on the same day that the Fed cuts. That's what happened today.   Interestingly enough, mortgage rates were already slightly higher than yesterday BEFORE the Fed announcement came out.  The bonds that dictate mortgage rates are actually pointing to even higher rates tomorrow unless there's a decent improvement overnigh