【Zillow】Mortgage Rates Rose Ahead of Fed Chair Speech

Mortgage rates increased this week as investors weigh the risk that this week’s increase in the Fed’s benchmark short-term rate may not be its last, Although the latest inflation reading shows price growth is moving toward the Federal Reserve’s target, the slower pace of disinflation, stubbornly high nominal wage growth, and the recent uptick in economic activity suggest the inflation battle may not be won yet.

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