Mortgage rates jump to 7% as Powell demurs on quick rate cuts by Flávia Furlan Nunes for HousingWire
HousingWireHousingWire Jerome Powell, the chair of the Federal Reserve, said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the…
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