Freddie Mac's chief economist notes: "Despite higher mortgage rates, the monthly mortgage payment remains affordable."
FEDERAL RESERVE WATCH
Forecasting Federal Reserve policy changes in coming months... There is overwhelming feeling on Wall Street the Fed won't touch rates this week. But a quarter percent blip is seen in December, then zilch again in January. Note: In the lower chart, a 7% probability of change is a 93% probability the rate will stay the same.
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