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Why Are Mortgage Rates Falling After The Fed Started Raising Interest Rates?
By reinvestor on June 30, 2017
After June 2017’s rate hike, the Fed has now raised their Fed Funds rate by a full 1% since the financial crisis began in 2008. The benchmark interest rate range is now between 1% – 1.25%, with more Fed hikes likely to come. See chart below.
Despite the Fed raising interest rates three times since December 2016, mortgage rates have actually declined during this period.
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