30-Year Fixed-Rate Mortgage Stands at 6.75% Despite Fed Cuts
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币界网报道：The average rate for a 30-year fixed mortgage in the U.S. has risen to 6.75%, marking the highest level since early March, as persistent inflation delays anticipated Federal Reserve rate cuts. Freddie Mac reported this week's increase from last week's 6.67%, reflecting market adjustments to stronger-than-expected economic data. Fed Chair Jerome Powell indicated policymakers will maintain higher rates longer to combat inflation, with markets now pricing in just one or two cuts this year instead of the six previously expected. Mortgage rates typically follow the 10-year Treasury yield, which recently hit 4.63%, up from 3.
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