Mortgage Rates Break 7% AGAIN!
Mortgage Rates Break 7% AGAIN
Mortgage Rates Head Back Over 7% After Powell Testimony Mortgage rates have also risen at the fastest pace in 40 years, but they are not directly dictated by the Fed. Moreover, the market adjusts expectations for the Fed Funds Rate constantly whereas the Fed only officially hikes/cuts 8 times a year. In a scheduled testimony before the Senate Banking Committee today, Fed Chair Powell stopped short of specifying a number for the next rate hike, but commented qualitatively on the need to hike faster/more than previously expected. Markets consequently upped the odds for a bigger hike in 2 weeks as well as a higher ceiling expected by the end of 2023. The average mortgage lender was already close to 7% for a top tier conventional conforming 30yr fixed scenario, and today's weakness was enough to officially push us up into the low 7's.
Start Your Home Search Today!
CALL DIRECT: 407-710-8720
www.HomesInOrlando.ForSale
#homeaffordability #economicnews #homebuilder #homebuilders #pultehomes #mortgagerates #homebuilders #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate
-
LIVE
Man in America
6 hours agoWhy Are Elites FREAKING OUT to Build Bunkers by November? w/ Jonathan Hollerman
2,432 watching -
1:07:45
Redacted News
6 hours agoBREAKING! NATIONAL EMERGENCY, BIDEN COUP CONFIRMED, OBAMA RESPONSIBLE | Redacted w Clayton Morris
168K596 -
30:56
Alison Morrow
5 hours agoBEST election memes 2024 circus
71.4K34 -
1:06:43
Awaken With JP
1 day agoThe Poop Has Hit the Fan - LIES Ep. 49
157K191 -
1:08:54
Digital Social Hour
2 days agoEgypt’s Pyramids: The SHOCKING Truth Revealed! I Robert Edward Grant
67.9K20 -
1:02:53
In The Litter Box w/ Jewels & Catturd
1 day agoThe Democrat Coup | In the Litter Box w/ Jewels & Catturd – Ep. 610 – 7/23/2024
106K75 -
1:12:28
Tate Speech by Andrew Tate
1 day agoEMERGENCY MEETING EPISODE 62 - HUGE CASE UPDATE
339K385 -
1:43:17
Fresh and Fit
9 hours agoEMERGENCY BROADCAST: USSS Director Cheatle resigns & Police Testimony on Trump Assassination
132K62 -
2:35:01
The Quartering
11 hours agoSecret Service Director FIRED We Want JAIL, Is Biden Alive? Kamala Coup Mr Beast Grooming Coverup,!
128K88 -
7:14:06
MDGgamin
11 hours ago🔴LIVE - Diablo IV - Lets Play #3 Slaying Demons for The Lord - #RumbleTakeover
94K1