Powell: ‘The Time Has Come’ for Fed Rate Cut
The Fed is expected to announce a modest cut to its key interest rate in mid-September. Interest rates impact mortgage rates.
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Surprise Lift for July New Home Sales
Sales of newly build homes rose 5.6% from a year earlier. Gradual improvements in the home building sector are forecast as mortgage interest rates go down.
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Fed minutes: Another rate hike likely this year to combat inflation