Good News! After a multi week climb-Interest rates level off
After a Multi-week Climb, Mortgage Rates Level Off |
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“The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under eight percent. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end. Coupled with geopolitical uncertainty, this ambiguity around monetary policy will likely have an impact on the overall economic landscape and may continue to stall improvements in the housing market.”
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– Sam Khater, Chief Economist, Freddie Mac |