Mortgage News – March 11, 2017

A Fed policy rate hike next week is now almost 100% certain, after recent comments by Fed officials. The Fed anticipates three rate increases in 2017.

The Fed’s mandate is to keep strong employment and low inflation. Jobs data this week showed the labor market remains strong, with low unemployment.

Inflation is on the rise, both in the U.S. and abroad, as the economy continues to grow. Inflation pressures mortgage rates and could contribute to higher rates.

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