Policy

Mortgage Interest Rates Today: Mortgage Rates Rise to 6.22% After Fed Chair Jerome Powell Signals Tougher Policy

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Mortgage Interest Rates Today: Mortgage Rates Rise to 6.22% After Fed Chair Jerome Powell Signals Tougher Policy

Mortgage rates climbed on Thursday after four straight weeks of declines as markets adjusted their expectations following Federal Reserve Chair Jerome Powell‘s remarks on the likelihood of future rate cuts. The average rate on 30-year fixed home loans increased to 6.22% for the week ending Nov. 6, up from 6.17% the week before, according to … Read more

Fed Interest Rate Meeting Begins With Officials Divided on Policy and Blinded by Shutdown

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Fed Interest Rate Meeting Begins With Officials Divided on Policy and Blinded by Shutdown

Blinded by a data blackout during the government shutdown and deeply divided on the correct path forward, top Federal Reserve officials are meeting again to decide their next move on interest rates. Fed Chair Jerome Powell is joining other members of the Federal Open Market Committee (FOMC) in Washington, DC, on Tuesday for the two-day … Read more