Mortgage Rates Are Heading Higher As Fed Plans Bond Taper
Mortgage rates rose to a three-month high last week as the bond markets reacted to the Federal Reserve’s announcement it would “soon” begin tapering its fixed-asset purchases.
The average U.S. rate for a 30-year fixed home loan jumped to 3.01%, the highest since June 24, from 2.88% in the prior week, Freddie Mac said in a report on Thursday.
https://www.forbes.com/sites/kathleenhowley/2021/10/04/mortgage-rates-are-heading-higher-as-fed-plans-bond-taper/
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