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Panel: mortgage rates remain high despite Fed cuts; national debt and deficits complicate outlook
2090060 · January 8, 2025
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Summary
Speakers said mortgage rates remain near 7% because 10‑year Treasury yields have risen even as the Fed cut short‑term rates; panelists also warned that the rising national debt and higher interest costs increase fiscal pressure at the federal level.
At the Columbus Metropolitan Club forum, panelists reviewed the disconnect between the Federal Reserve's short‑term rate moves and longer‑term borrowing costs, and discussed rising federal debt and interest‑cost pressures.
Panelists noted the Federal Reserve eased short‑term policy by about a full percentage point last year,…
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