SUMMARY: The Fed announces a 50 basis point hike to end the year but their projections for the future and the press release give off a hawkish tone and mortgage demand increases for only the second time in the last three months...

Sources:

• After Four 75 Basis Point Hikes The FOMC Ends The Year With a 50 Bip Hike
• Mortgage Demand Rises For The Second Time In The Last Three Months

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