Fed Holds Rates, But Pricing Pressures Persist - National Mortgage Professional

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December The Federal Reserve held interest rates steady Wednesday, but rising Treasury yields and fresh inflation data are keeping pressure on the factors that determine lender pricing, complicating rate-lock decisions and financing calculations for borrowers already stretching to qualify. The Fed voted 10-2 to maintain its benchmark federal funds rate at 3.75% to 4%, following a quarter-point increase in September. Two policymakers favored another immediate increase, underscoring concerns that inflation remains too high.