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U.S. Economic Outlook: February 2018

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U.S. Economic Outlook: February 2018

Interest rates on fixed-rate mortgages are up nearly three-quarters of a percentage point from last summer, and most economists are expecting mortgage rates to gradually move higher. Higher interest rates lessen home-buyer affordability and will lead to a substantial drop in refinance originations. And higher rates can also affect other aspects of the housing market, such as homeowner mobility.

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