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Homebuyers to face steep borrowing costs despite Fed move

Por: Associated Press Business May 04, 2023

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LOS ANGELES (AP) — Homebuyers should get used to painfully high mortgage rates, despite this week’s signal from the Federal Reserve that it could finally pause its yearlong campaign of rate hikes. The Fed raised its short-term rate to roughly 5.1% Wednesday, the highest since 2007. While the Fed stopped short of declaring an end to the hikes, its effectively raised the possibility of pausing them after a streak of 10 increases going back to... + full article



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