On Wednesday, the Federal Open Market Committee announced its decision to maintain benchmark interest rates at a range of 4.25% to 4.5%, The move itself was unsurprising to the mortgage industry and market observers.

The decision does not remove uncertainty around the short-term trajectory of mortgage rates, which have steadily declined over the past two months. But economists and policymakers are closely monitoring inflation data, unemployment reports and President Donald Trump’s various tariffs to assess where the U.S. economy is headed.

The Fed noted in its prepared statement that “uncertainty around the economic outlook has increased” while economic details ⇒

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