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What’s Next: Federal interest rates might offer relief.

The Federal Reserve, fighting an uphill battle against inflation, has increased interest rates every month since March 2022. And while the Fed does not set mortgage rates, many home loans are tethered to their actions.

America’s central bank is now signaling that after nearly a year of consecutive rate increases, a break is on the horizon.

“That could signal some relief, at least for new homeowners,” said Collin Czarnecki, a researcher at Chamber of Commerce.