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Home » Store » News » Economists See a Healthy Market Ahead Despite Higher Interest Rates; ARMs Still on the Rise

Economists See a Healthy Market Ahead Despite Higher Interest Rates; ARMs Still on the Rise

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With the tightening of federal funds expected next week, and the so-called mini refi boom officially over, industry economists say that mortgage rates will rise slightly throughout the year. Fannie Mae’s chief economist, David Berson, said this week that a 25 basis point increase at the Fed’s Open Market Committee meeting on June 29 is “virtually certain,” with three additional
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