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【CNBC】The Fed cut interest rates but mortgage costs jumped. Here’s why

【CNBC】The Fed cut interest rates but mortgage costs jumped. Here’s why

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  • The 30-year fixed mortgage rate spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie Mac data via the Fed.
  • That is up from 6.60% from a week prior.
  • “The market is just responding to the tone of the Fed’s message,” said Jessica Lautz, deputy chief economist at the National Association of Realtors.

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