Mtg rates going down even though the fed increased interest rates?

Fannie and Freddy Loans

Fannie and Freddy Loans

Mtg rates going down even though the fed increased interest rates? Why the  heck is that?

The average rate of a 30-year fixed mortgage fell to 4.08% this week, the fourth consecutive week of declines, and the lowest level this year, Freddie Mac reported Thursday morning.

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