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Jerome Powell

The Fed just virtually guaranteed that mortgage rates will stay down

The Fed just virtually guaranteed that mortgage rates will stay down

The Federal Reserve has taken a fresh look at what the coronavirus is doing to the economy — and Chairman Jerome Powell and his colleagues have decided they'd better stick with the policies that have pushed mortgage rates to record lows that were once unimaginable. Rates on 30-year mortgages have been sliding below 3% for the first time in history, and the results of the Fed's July meeting virtually...

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