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Key insight: The Federal Reserve is considering whether it should voluntarily adhere to the Security and Exchange Commission’s new rule on central clearing for Treasury security transactions. Expert quote: “The clearing mandate does not apply to the Federal Reserve’s transactions. However, I believe the [Federal Open Market Committee] could make its open market operations more […]

Mortgage rates moved higher this week, as Treasury yields moved off of last week’s low as investors had concerns not just over the Iran ceasefire but also inflation. Processing Content The 30-year fixed rate mortgage averaged 6.49% as of July 9, the Freddie Mac Primary Mortgage Market Survey reported. This was up from last week