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Relatively Soon’ Rise for Interest Rates as Mortgage Rates Shoot Up Post Election

November 17, 2016 4:42 pm

A rise in the key interest rate could come “relatively soon,” Federal Reserve Chair Janet Yellen reiterated on Thursday, heightening the probability the Fed will forge ahead with a hike in December, despite initial doubts in the wake of Donald Trump’s presidential victory. Mortgage rates, which generally follow the key rate, shot up this week, […]

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