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Brokers Ready for Long-awaited Interest Rate Increases

By Andrew King

After years of speculation about interest rates, it appears the Federal Reserve is finally poised to raise them in December. The move – which sets the cost of borrowing for banks and, consequently, the price of mortgages for homebuyers – has been one that brokers across the nation have been bracing for ever since the rates were lowered to near-zero levels during the financial crisis.

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