The Fed cut its interest rate, but mortgage costs went higher

Longer-term Treasury yields jumped this week, flying in the face of the Federal Reserve's interest rate cut, as bond investors didn't get the assurances they sought. The 10-year Treasury yield jumped as high as 4.145% after briefly falling https://www.cnbc.com/2025/09/20/the-fed-cut-its-interest-rate-but-mortgage-costs-went-higher.html