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Mortgage rates for November 24

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“There are mixed policy updates for investors to understand,” said Danielle Hale, chief economist at Realtor.com. “President Biden has resigned [Federal Reserve] Chair [Jerome H.] Powell arrives for another four-year term, while the Rebuilding Better Act, a social policy bill backed by the President, passed the House and made its way to the Senate. While rates on 10-year Treasuries started November on a weaker note, they have risen in recent weeks as concerns about rising inflation have grown and mortgage rates have risen as well. As a result, Mr. Powell’s re-appointment is likely to have a mixed effect, reassuring some investors with confidence in the Fed’s current approach while reinforcing others who prefer a more hawkish stance on the Fed. recent price increases. “

https://www.washingtonpost.com/business/2021/11/24/mortgage-rates-level-off-ahead-thanksgiving-holiday/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business Mortgage rates for November 24

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