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Kirstin Ward Loan Officer

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Market Update

Couple talking to financial advisor at home

December 16, 2022

Fed’s rate increase could mean good news for mortgage rates

The federal funds rate is now at its highest level in 15 years. Last week Federal Reserve Chair Jerome Powell, along with the Federal Open Market Committee, raised the overnight lending rate by 50-basis points putting it in a range of 4.25% to...

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