MBA
Noted the mortgage market's sensitivity to rate changes after 30-year rates rose to 6.24%.
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The Federal Reserve held interest rates at 3.5%-3.75% in January 2026, signaling balanced risks and expectations for two rate cuts this year, while tech earnings revealed divergent AI spending strategies with Microsoft's 66% AI spending surge offsetting strong results.
“Noted the mortgage market's sensitivity to rate changes after 30-year rates rose to 6.24%.”