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Benzinga
Benzinga
Business
AJ Fabino

Are Mortgage Rates Going Above 10% In 2023?

Mortgage rates tend to rise when the Federal Reserve increases the Fed Funds rate. It has a gradual trickling effect, though.

Because of the fed funds rate's relationship to the 10-year treasury yield, mortgage rates would continue gradually increase even if Fed Chair Jerome Powell and the central bank elected to lock it in place now through 2023.

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