What is Going On with Interest Rates?

Here is a link to a post I wrote regarding the current interest rate environment.  Interest rates are one of the only pieces of national news that will directly impact the real estate market here in Loudoun County.  It also talks about a potential change to the conforming loan limit that could help buyers get more affordable loans. 

T

Comments

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With the Fed recently lowering its rates, how come it seems that mortgage rates seem to be trending upward over the last several weeks? That seems to me counterintuitive. Is there some sort of lag time after which we can expect a downturn in mortgage rates?