Mortgage Rates Near 7% Despite Fed Cuts
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最新报道：Mortgage rates in the U.S. have climbed above 7% again, reaching 7.03% for 30-year fixed loans, as strong economic data dampens expectations for Federal Reserve rate cuts. The Fed signaled only one potential rate reduction this year, down from earlier projections of three, citing persistent inflation and a resilient job market. Housing demand remains subdued, with mortgage applications dropping 5.2% last week. Analysts note the housing market's sensitivity to rate fluctuations, with higher borrowing costs continuing to pressure affordability. The Fed's cautious stance suggests mortgage rates may stay elevated in the near term, potentially prolonging the slowdown in homebuying activity.
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