Why You Can't Get a One-Click Mortgage Refi
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another Hello, and welcome to another
episode of the Odd Lots podcast. I'm
Tracy Alloway. And I'm Jo Weisenthal. Jo, do you remember a month or so ago, we recorded an episode all about why mortgage rates were going up even though the Fed has cut?
Yes. This was a big one at the time, and I think it still is really important. Basically, there's this intuition that people have that the Fed affects policy by cutting rates, and one thing that happens when rate cuts is that borrowing costs go down. And one form of borrowing that's very popular is mortgage rates, but we're in the middle of a rate cut cycle. The Fed cut 50 in September, then kinda another 25 at its subsequent meeting. But mortgage rates have generally not moved down at all and, in fact, moved up after that 50 basis point cut. By the way, we're recording this November 25th. We
I don't think it's a mystery. We did a whole episode on it explaining what's happening. You're
right. We explained it all. You're right. But
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