Tom Graff

Tom Graff, CIO of Facet Wealth and former bond portfolio manager, shares insights on the unexpected rise of mortgage rates despite the Federal Reserve's cut in overnight rates. He explains the complex relationship between mortgage rates and market dynamics, including influences from the bond ecosystem and refinancing challenges. Graff also discusses how rate changes can be priced in before they happen and the factors necessary for sustained decreases in mortgage rates, emphasizing the need for clearer Fed policies.