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Why mortgage rates are doomed to stay above 7% through this year
Mortgage rates were supposed to fall back toward 6%, but with the Federal Reserve keeping borrowing costs up, a drop to that level looks unlikely.
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- Housing experts were betting on mortgage rates to decline this year on looser Fed policy.
- Yet, the 30-year mortgage rate has been stuck around 7% all year.Â
- F… [+3255 chars]
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