Why are mortgage rates increasing despite a rate cut from the Fed?

Mortgage rates are climbing for the second week in a row, even after the Federal Reserve’s first rate cut in nearly a year — highlighting how a range of factors drive rates on home loans.

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https://www.foxbusiness.com/markets/why-mortgage-rates-increasing-despite-rate-cut-fed

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Why are mortgage rates increasing despite a rate cut from the Fed?

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