For the second time this year and the third time since December, the Federal Open Market Committee has lifted its benchmark short-term interest rate.
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Interest rate hike not expected to slow market
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Industry News
Thursday, June 15, 2017
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For the second time this year and the third time since December, the Federal Open Market Committee has lifted its benchmark short-term interest rate.
The committee said a strengthening economy and decreasing unemployment justified the increase. Two industry analysts told The Title Report the rate hike is not expected to have a huge impact on mortgage rates.
Read on for more details.
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