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Here's your money briefing from Monday, November 11th. I'm J.R. Waylon for the Wall Street Journal.

The Federal Reserve has dropped interest rates by three quarters of a percentage point since September, but mortgage rates have not followed

suit. Short-term rates and long-term rates are connected with each other, but just because short-term

rates are falling doesn't mean long-term

rates are as well. And more recently, long-term rates have been rising in response to a lot of

different factors. We'll ask WSJ's Ben Eisen to explain what that means for prospective homebuyers

and when they could see some relief. After the break.

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While the Federal Reserve has lowered interest rates for the second straight session, 30-year mortgage rates on average have been rising since early October and are approaching 7%.

Wall Street Journal Deputy Personal Finance Bureau Chief Ben Eisen joins me to explain why.

Ben, what's the difference between mortgage rates and the interest rates that the Fed lowered

...