Why are mortgage rates going up?

It is incredibly hard to predict where mortgage rates are going. Most economists are chalking it up to a mix of news, but economists have not come to a consensus. Greg McBride at Bankrate had the following to say, “The Fed’s more aggressive half-point rate cut in September increased the odds that the economy continues to grow, avoids recession, and that inflation could be higher than anticipated,” he said. “With that outlook, long-term interest rates – both Treasury yields and mortgage rates – have moved higher, reversing some of the decline seen in preceding months.”