Why Mortgage Rates Could Continue To Decline When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have Stalled One of the…
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Rate Rises Again in Second of 3 Expected Hikes
The Federal Reserve voted on Wednesday to raise the key interest rate one-quarter percentage point, ticking off the second of three hikes slated for this year. Analysts largely predicted the outcome, even as lagging inflation gave cause for concern. “In view of realized and expected labor market conditions and inflation, the [Federal Open Market] Committee…