Mortgage Rates Jump Ahead of Fed Meeting
TL;DR Summary
Mortgage rates rose for the sixth straight day, with the 30-year fixed around 7.22% (7.25% is the prevalent quote), as data and oil-price dynamics influence expectations ahead of the Federal Reserve’s policy decision. While a rate hike is widely anticipated, uncertainty remains and volatility could persist, since Fed actions don’t always translate predictably to mortgage rates.
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