Homebuyers might be better off locking ina> a mortgage rate now amid the strong possibility that interest rates will increase further this year, experts warn.
The Federal Reserve last month - keeping benchmark borrowing costs between 5.25 and 5.5 percent.
But that the central bank will hike rates by a quarter percentage point before the end of the year in a bid to curb - and rates are likely to remain high for a while after that.
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