Mortgage rates wander upward but may be headed back down

Mortgage rates wander upward but may be headed back down

Bond yields had been heading higher, bringing mortgage rates along with them. Then the Federal Reserve met this week, opting not to raise its benchmark rate. Not only that, in its statement, the central bank said that “economic activity appears to have slowed.” Because of the dovish tone struck by the Fed, home loan rates are […]

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