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Mortgage rates jump 20 basis points following Fed cut
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Mortgage rates jump 20 basis points following Fed cut

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1 min read
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CNBC

Mortgage rates surged higher after the Federal Reserve cut its benchmark interest rate. The market reacted to comments from the chairman on future cuts.

While the Federal Reserve cut its benchmark interest rate this week, mortgage rates responded by doing just the opposite. The average rate on the 30-year fixed mortgage has jumped 20 basis points since Chairman Jerome Powell announced the cut on Wedn... [1545 chars]

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Source: CNBC

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