No Relief for Summer Buyers as the Rate Hike Saga Continues

No Relief for Summer Buyers as the Rate Hike Saga Continues

No Relief for Summer Buyers as the Rate Hike Saga Continues

The Federal Reserve hiked its interest rates yet again on Wednesday, sending mortgage rates in the same upward direction despite anticipated declines in the second half of 2023. Rates averaged 7.04% for 30-year fixed-rate loans as of Tuesday afternoon, and according to Realtor.com, the 10 previous interest rate hikes occurred at the fastest pace in
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