President and CEO, Mortgage Bankers Association
Appears in 1 story
Warns rising rates are hurting buyers and refinancers
Freddie Mac's 30-year rate held at 7.40% in its Oct. 15 survey, ending a seven-week climb and matching the highest level since November 2023. A hot September inflation report pushed the odds of a Fed rate hike at the Oct. 27-28 meeting to about 42%, up from roughly a quarter.
Updated 5 days ago
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