Housing Notes: Rates will rise as housing activity varies wildly by city

The Fed is expected to raise rates  The futures market tracking FOMC rate decisions on the Chicago Mercantile Exchange thinks it’s a foregone (90.7 percent) conclusion that the FOMC will raise rates by 25 basis points. While there is no direct connection to mortgage rates, it often influences the direction. In fact, some ex-Fed experts suggest there is a growing chance of a 50 basis point jump. Mortgage rates have shifted since the start of the Iran War on February 28, and the 30-year rate is set to crack 7 percent soon; some rate indices already show it. I go […]

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