Core Insights - Following the Federal Reserve's recent interest rate cut, U.S. mortgage rates have unexpectedly risen, indicating that short-term fluctuations have limited impact, while the economic outlook and Fed policy will be crucial for determining home buying costs in early 2026 [1][2] Mortgage Market - The average rate for a 30-year fixed mortgage increased by 0.14 percentage points to 6.27% after the FOMC meeting, and further rose to 6.33% the following day, suggesting that if this trend continues, it will be reflected in upcoming national mortgage rate data [1] - Despite the rise in mortgage rates, current levels are still more favorable for potential buyers compared to earlier this year, with a $400,000 loan saving borrowers approximately $100 per month compared to rates from late July [1] Builder Sentiment - Major homebuilder PulteGroup noted that despite typical demand increases with lower rates, buyer responses have been "noticeably more subdued" due to economic uncertainty and concerns over job stability, which are dampening home buying intentions [1] Bond Market Reaction - The bond market reacted to the Fed's decision to lower the benchmark rate and end quantitative tightening, with the 10-year U.S. Treasury yield rising, which in turn pushed mortgage rates higher [2] - Fed Chair Powell's comments during the press conference indicated that further rate cuts in December are not guaranteed, leading to a decrease in market expectations for additional rate cuts [2] Future Outlook - The direction of 30-year fixed mortgage rates will be influenced by economic data and Fed statements in the coming months, with a focus on the sustainability of the entire rate-cutting cycle rather than just the December meeting [2]
美联储降息后美国房贷利率不降反升 分析人士：FOMC政策前景才是关键
Zhi Tong Cai Jing·2025-10-30 22:19