![]() ![]() Combined with the most economists expect another big increase when the Fed meets early in November. So far, there is little evidence the Fed’s strategy is working.Īnother report from the government Thursday showed that at 8.2%. ![]() Late last month, the Federal Reserve bumped its benchmark borrowing rate in an effort to constrain the economy and tame inflation, its fifth increase this year and third consecutive 0.75 percentage point increase. Insight by Axonius: CISOs from Justice, Labor and USCIS share helpful pointers from their zero trust efforts so far, and a CISA expert offers insights on implementing continuous diagnostic and mitigation capabilities, in a new Federal News Network Executive Survey. Many prospective buyers have been pushed out of the market as average mortgage rates have more than doubled this year. The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, rose to 6.09% from 5.9% last week, the first time it’s breached 6% since the housing market crash of 2008. Last year at this time, the rate was 3.05%. ![]() Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% from 6.66% last week. mortgage rates reached their highest level in more than two decades this week and are likely to climb further as the Federal Reserve has all but promised more rate increases in its battle to tamp down persistent inflation. ![]()
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