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Mortgage rates stubbornly high at 7%; Fed tapping brakes on interest rate cuts because inflation remains above target
Manage episode 461151571 series 3245582
Content provided by Audacy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audacy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Despite hopes that interest rate cuts by the Federal Reserve would drive down the borrowing rate for home loans, mortgage rates are hovering around 7%. KYW Newsradio's Conner Barkon explains a positive end of year job report is partly to blame. Image credit: Getty Images
…
continue reading
508 episoade
Manage episode 461151571 series 3245582
Content provided by Audacy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audacy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Despite hopes that interest rate cuts by the Federal Reserve would drive down the borrowing rate for home loans, mortgage rates are hovering around 7%. KYW Newsradio's Conner Barkon explains a positive end of year job report is partly to blame. Image credit: Getty Images
…
continue reading
508 episoade
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