Fed’s Aggressive Rate Hike May Influence ‘Shrinking Buyer Pool’

By June 16, 2022 Uncategorized No Comments

The Federal Reserve’s move to raise its benchmark rate by three-quarters of a percentage point—the largest increase since 1994—could put more upward pressure on near-6% mortgage rates and sideline more home buyers, says NAR Chief Economist Lawrence Yun.

Source: Realtor.org

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