Mortgage Rates Likely to Stay High For Now as Markets Digest Warsh’s First Fed Meeting
Takeaway: He’s no one’s sock puppet! Now that Kevin Warsh has the job, he’s ready to make changes. It will take markets a while to fully digest the full breadth of today’s meeting, but the hawkish shift in the committee’s projections will keep mortgage rates high for now. In some ways though, that’s almost besides…
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