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Fed Holds Steady, Mortgage Rates Watch | Durham News
Description
The Fed held steady on rates again — but don’t sleep on the ripple effects. While the federal funds rate stayed put, mortgage rates are already feeling the heat, tied more to the 10-year Treasury than the Fed’s overnight rate. Chairman Warsh’s cautious stance clashed with three dissenters pushing for hikes, as inflation and global tensions loom. Expect mortgage rates to climb as the Fed watches data — and investors brace for what’s next.
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