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Bank of America, MBA predict rates will hit 6.5% by year-end

BofA is betting the Federal Reserve will make only one cut to the federal funds rate by the end of this year. MBA says originators are in for a $1.6 to $1.8 trillion year. ....

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Rate cuts appear more unlikely after latest Fed meeting

Rate cuts appear more unlikely after latest Fed meeting
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Rising Mortgage Rates Take Big Bite Out Of Homebuyer Demand

Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association. ....

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Economic Outlook: Recession May Be What Drives Rates Down In 2024

Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a "soft landing" still possible? ....

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Lower Mortgage Rates Failed To Spur Homebuyers Last Week

Demand for purchase loans has picked up in five of the last seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts. ....

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