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Fed Projects Faster Pace of Hikes – Wedn

Fed Projects Faster Pace of Hikes – Wednesday’s Fed meeting turned out to be negative for mortgage rates. Recent economic data had little impact. As a result, mortgage rates ended the week higher. As widely expected, the Fed raised the federal funds rate by 25 basis points. Unfortunately for MBS, Fed officials also raised their outlook for the pace of future rate hikes. They now forecast three rate hikes in 2017, one more than previously projected. The faster pace was v… http://ow.ly/Q7F7507EJWV

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