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recent mortgage rates?

despite the low federate rates, the mortgage rates have hiked recently. Can someone explain what other factors are affecting the rates and how? thanks.
Thanks for the replies. could you pls provide more details or refer me to some reading?
thanks.


Sometimes when the fed lowers rates it tends to send mortgage rates upward. Most mortgage rates are based on the LIBOR index, not the Prime Rate so even though consumers think they're going to get a break they get a higher rate.