One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to cut interest rates in March as investors had hoped. 

After signaling interest rate cuts for 2024 in its previous meeting, the focus shifted to when such a move might come and how extensively policymakers could lower interest rates this year.

With the big question being when rate cuts could come, there are two camps in the mortgage industry that expect interest rate cuts coming as soon as March or details ⇒

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