Mortgage Rates Unlikely to Cool in August

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August mortgage rates forecast Mortgage rates will likely rise in August as the Federal Reserve continues to yank interest rates higher. The Fed’s chairman, Jerome Powell, has repeatedly said that the central bank’s “overarching focus” right now is to slow inflation. The Fed applies the brakes on inflation by raising short-term interest rates. When the…

Holden Lewis writes for NerdWallet. Email: [email protected] Twitter: @HoldenL.

The article Mortgage Rates Unlikely to Cool in August originally appeared on NerdWallet.