Despite Fed rate cuts, mortgage rates could still rise. Here's why.

In WCVB, Penn IUR Co-Director Susan Wachter discusses why the Federal Reserve's recent interest rate cuts may not translate into lower mortgage rates. Weighing in on the current housing market, Wachter explains the disconnect between mortgage rates and the Fed's actions, noting that the nation's housing affordability problem cannot be solved by the Federal Reserve alone.

Just a matter of four years ago, mortgage rates were 3 or 4%, so this has a big impact on the overall economy, and we cannot, unfortunately, rely on the Federal Reserve's action to solve this affordability problem...