Mortgage News – March 20, 2017

Although the Fed raised policy rates at this week’s meeting, mortgage rates improved when the Fed forecasted gradual future increases, calming markets.

The Fed’s policy rate change will help tame inflation, which has been on the rise. Inflation can be a factor in increasing future mortgage rates.

The economy is expected to continue to grow, as supported by recent data. The labor market is strong and consumer confidence is improving.

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