How Fed Rates Affect Mortgage Rates

By: Inflation is everywhere in the news, including near-constant stories about whether the US Federal Reserve will raise interest rates to fight that inflation. And with the Fed expected to hold off on any rate increase or decrease in the coming September meeting, many are wondering how that might affect the housing market in the…

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Housing market outlook: Where to expect mortgage rates in 2024, according to 8 leading research firms

By: On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. Over the past few months, mortgage rates have climbed back up. Financial markets, which have reacted to stronger-than-expected labor market data, are now factoring in higher probabilities of the Fed maintaining higher interest rates for a prolonged period.This 7.19% mortgage rate is the…

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