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Fed Rate Hike Sparks Affordability Concerns Amid Near-7% Mortgage Rates

Guavy AI Editorial Team
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The Federal Reserve has raised its key interest rate, leading to concerns about affordability and mortgage rates reaching nearly 7%.

On September 16th, 2026, Federal Reserve Board Chairman Kevin Warsh spoke during a news conference at the Federal Reserve in Washington. He did not comment on the recent hike or its effects.

Mortgage rates have been increasing steadily, and this latest move by the Fed has sparked worries about the impact on homeownership and affordability.

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