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by confoundedinterest17
Thankfully, I refinanced my house mortgage whereas Trump was nonetheless President. When Biden was put in as President, the 30-year mortgage fee was 2.88% (in line with Bankrate). It has now risen to five.25%.
The Federal Reserve is now anticipated to lift their goal fee as a lot as 50 foundation factors on the subsequent assembly on Could 4, 2022. This chart exhibits the anticipated fee hikes coming our means, peaking in summer time 2023.
Fed Funds Futures are pricing in a 50 bps rise on the Could assembly.
The excellent news is that the US Treasury actives curve is upward sloping, however is exhibiting fatigue within the ahead charges between 7Y and 10Y.
On the exhausting asset entrance, valuable metals are up over 1% with silver and platinum main the way in which.
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