Mortgage rates jump to 23-year highs with The Fed’s Neel Kashkari seeing a 40% chance of ‘meaningfully higher’ interest rates. At the same time, The Fed’s favorite inflation indicator rose less than expected in August while the US Pending Home Sales Index Slides to Lowest Level Since 2020. What's the future look like for mortgage interest rates? Where will house prices go from here? Will the FED continue to pause with interest rate hikes or is there a chance they push interest rates even higher?
