The Federal Reserve just announced its largest interest rate increase since 1994 and the move is expected to have a serious impact on the housing market, economists believe. While the Fed’s key interest rate doesn’t directly affect mortgage rates, it does have a very strong influence on them. On Wednesday, the Federal Open Market Committee
Fed’s aggressive rate hike to reduce housing market buyer pool, economist says
June 16, 2022 by Mike Wheatley
Filed Under: Housing, News Tagged With: buying pool, Federal Reserve, key interest rate
