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The Federal Reserve’s patience won’t last forever, but interest rates for long-term loans aren’t going to run away from borrowers anytime soon.
That’s the consensus from Bankrate’s First-Quarter Economic Indicator survey, which asked 21 economists from across the country where they see the Fed, interest rates and the broader economy heading in 2019.
Two-thirds of economists surveyed are predicting that the U.S. central bank will increase borrowing costs again this year, but their forecast for the 10-year Treasury yield – the benchmark for 30-year fixed mortgage rates – averages at 3.04 percent, down from 3.44 percent in
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