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Fed’s Tapering Plan Is Poised to Push Up Mortgage Rates

Sunday, Jan 02 2022
Lending
Written by  The Mortgage Leader

The Federal Reserve’s recent decision to taper its bond buying more quickly than previously planned is set to send long-term mortgage rates upward. So reports CNBC.

arrow 306811 640 smallLendingTree senior economic analyst Jacob Channel said the 30-year fixed-rate mortgage will probably reach almost 4% by the end of 2022.

In a housing market where demand has recently outstripped supply for homes in most price ranges, Channel noted that higher rates should depress demand and give buyers more options.

Read the full article from CNBC.

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