The Fed's Rate Increase and Its Impact on Mortgages and Investments
TL;DR Summary
The Federal Reserve has raised a key interest rate by 0.25%, but mortgage rates could still fall due to the recent upheaval in the markets. The collapse of two large banks has caused investors to seek the relative security of government bonds, pushing up bond prices and potentially lowering fixed mortgage rates. Mortgage lenders may be open to this, as interest rate increases have been pushing potential buyers out of the housing market.
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