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“The Fed has run out of bullets”, says Ted Peters, chairman and CEO of Bluestone Financial Institutions Fund, and a former member of the Philadelphia Federal Reserve Board.

Interest rates on mortgages inched higher this week, just a day before the Federal Reserve’s policy-setting committee decides whether the federal funds rate will increase for the first time in almost a decade. The benchmark 30 year fixed rate mortgage is now at 3.910%. Same...

“We expect rates to remain calm leading up to Thursday’s Federal Open Market Committee statement as markets eagerly anticipate any signal or action from the Fed on interest rates”.