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Today's mortgage and refinance rates: June 26, 2022 | 15-year rates near 5%

1 month ago   |   By Business Insider

The Federal Reserve voted last week to raise the federal funds rate by 75 basis points, or 0.75%, and mortgage rates jumped. Mortgage rates aren't directly influenced by the federal funds rate, but they're often impacted by investor expectations of Fed policy decisions and how those decisions might impact the broader economy. With the Fed signaling that it's willing to move more aggressively to fight inflation, it's likely that rates will stay high and may continue to increase if price growth doesn't slow. "Any persistent or obvious signs of a wage or inflationary spiral will continue to...
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