Fed Holds Rates Steady. Here’s How it Impacts Mortgage Rates.
Federal Reserve policymakers announced that they were holding the federal funds rate steady after the Federal Open Market Committee (FOMC) meeting on Wednesday. The target range remains unchanged at 4.25% to 4.5%. The last time the FOMC cut rates was at its December meeting, when it lowered the target range by 25 basis points, or…
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