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Why industry watchers expect mortgage rates to fluctuate in coming weeks

The Federal Reserve‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. 

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. 

“The volatility can be pinned on uncertainty about the stability of the banking system and the course of the Federal Reserve’s inflation-fighting details ⇒

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