Interest rates remain where they are. For Now

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The cost that banks borrow money for is going to remain the same for now. That means for those who are looking to borrow on the purchase of a home, mortgage interest rate are expected to remain historically low. Although non-farm employment rose for August, wages lagged behind, triggering the value of the dollar to slide in currency markets around the world. The August trend of a significant gap between predicted payroll levels and those reported seen since 2011 has prompted Janet Yellen to leave interest rates where they have been all summer long.

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