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You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you're wondering why, the answer lies in the latest economic data. Here's a quick overview of what's happening with mortgage rates and what experts say is ahead.
When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve

Thinking about buying a home? While today's mortgage rates might seem a bit intimidating, here are two solid reasons why, if you're ready and able, it could still be a smart move to get your own place.
There's been some confusion over the past year or so about which way
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