DECEMBER MORTGAGE RATES HIKE

The Federal Reserve kept its key interest rate steady on Wednesday, but left little doubt that the next hike is on tap for December.

The post-meeting statement signaled no change from the Fed’s policy of continuing to gradually adjust rates higher.

“Inflation on a 12-month basis is expected to remain somewhat below 2% in the near term but to stabilize around the Committee’s 2% objective over the medium term,” the statement read

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