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6/14/2022 06:37:46 am
Great update! I'm going to look for the 2022 update! 12/2/2023 11:53:16 pm
Due to a seemingly endless mortgage rate trajectory, high home prices, and a limited supply of available homes, the autumn housing market season has been very pleasant thus far. These three factors are what keep the housing affordability problem alive. Furthermore, a possible government shutdown is getting closer, which would severely impair the home market. There was, however, one positive piece of news to be grateful for. At its most recent meeting, the Federal Reserve held off on raising the federal funds rate, despite widespread expectations. The benchmark interest rate that financial institutions charge one another for overnight loans is known as the federal funds rate. In March 2022, the rate was around zero percent. The Fed then started hiking rates in an effort to reduce inflation to its target of 2%. Leave a Reply. |
AuthorTory Keith, Broker/Owner of Board & Park. Archives
August 2024
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