Fed Raises Rates: AnnieMac CEO Joe Panebianco on What It Means for Borrowers

Following the Federal Reserve’s 25 basis point rate hike, its first since 2023, AnnieMac CEO Joe Panebianco weighs in on Mortgage Professional America Magazine, pointing to persistent above-target inflation and the impact of the Iran conflict on fuel and housing costs, expressing hope for relief once global stability returns.

Read the full article: https://www.mpamag.com/us/mortgage-industry/market-updates/fed-announces-rate-hike-in-effort-to-curb-soaring-bond-yields-mortgage-rates/590007