The Fed's intent to achieve a 'soft landing' may have been missed due to high unemployment and inflation.
Mortgage rates can be influenced by economic factors and Fed decisions, affecting housing market activity.
Anticipation of Fed rate changes can impact mortgage rates, with recent reductions seen.
Market eagerly anticipates potential Fed rate cut, though impact on borrowers may be limited.
Global economic concerns and doubts about Fed's assessment may drive rate decision-making.