Q&A About Mortgage Rates With Economist Orphe Divounguy
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Q&A About Mortgage Rates With Economist Orphe Divounguy

ByTMN Editor Reading Time: 5 minutes

By KIMBERLEY HAAS With the average mortgage rate hitting over 7% for the first time in 20 years, people are talking about what the 2023 housing market will look like. Freddie Mac reported Thursday that their Primary Mortgage Market Survey found the 30-year fixed-rate mortgage averaged 7.08%, up from 6.94% the week prior. A year ago…

Analysts Respond To FOMC Tapering Announcement

Analysts Respond To FOMC Tapering Announcement

ByTMN Editor Reading Time: 2 minutes

The Federal Open Market Committee (FOMC) announced it will double the pace of tapering its pandemic asset purchase program, and signaled it would likely raise interest rates next year. This would be its first rate hike since March 2020. The move comes in response to concerns about rising inflation. At its November meeting, the FOMC…

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