The Mortgage Rate Madness Continues—Where Are Borrowing Costs Headed From Here?

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The Mortgage Rate Madness Continues—Where Are Borrowing Costs Headed From Here?

The Federal Reserve has issued 10 rate hikes since March 2022 in an ongoing effort to tame rampant inflation in the U.S. economy, but after soaring to the 7% range in the fourth quarter of 2022, mortgage rates are now falling. Interest rates for a 30-year fixed mortgage averaged 6.39% in the week ending May
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