Fed Likely To Skip An Interest Rate Hike, But High Mortgage Rates Could Be Here To Stay

  • The Federal Reserve is expected to skip another interest rate hike at the conclusion of its two-day meeting on Wednesday, but the much-anticipated pause may offer little reprieve to Americans squeezed by higher borrowing costs.
  • The widely expected decision would leave interest rates unchanged at a range of 5.25% to 5.5%, the highest level since 2007.
  • But policymakers are also likely to open the door to at least one more rate increase this year, meaning there could be more pain for would-be homebuyers in the form of steeper mortgage rates.
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