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The Federal Reserve is in a "new era," but home buyers are facing the same old affordability challenges.
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The department, citing high default rates, is reducing interest rates on federal student loans by up to one percentage point for two years.
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The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
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Mortgage rates dropped this week as Iran peace deal took shape: Mortgage and refinance interest rates today, June 18, 2026 Yahoo FinanceEasing tensions with Iran push mortgage rates lower — but a potential Fed rate hike clouds the outlook CNNWhat the Fed rate pause could mean for mortgage interest rates now CBS NewsAverage 30-Year U.S. Mortgage Rate Falls to 6.47%, Tracking Lower Bond Yields as Iran War Winds Down U.S. News & World Report
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Nine of 19 officials who participate in Fed policy meetings penciled in at least one interest rate increase by year end, up from zero in March. It was Kevin Warsh's first as Fed chair.
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Businesses looking for any relief from the cost of debt were left wanting more Wednesday.
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