Buyers this spring say they are resigned to the fact that the Federal Reserve won’t give them a helping hand by lowering rates. The central bank, which meets this week, is likely waiting for inflation to ease first. Mortgage rates tend to track the 10-year Treasury yield, which has risen for four straight weeks.
But the Fed isn’t the only factor influencing mortgage costs. Give your financial information to two different lenders, and you may receive very different quotes that mean saving or losing tens of thousands of dollars. That variation has grown since the Fed started lifting rates in 2022.
Source: It’s Not Just the Fed Driving Up Your Mortgage Rate – WSJ
