Fed’s Interest Rate Hike to Create Less Competition in the Housing Market

HousingWire, July 28, 2022–Connie Kim
As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath.
Economists are divided on what’s to come: Some believe rates have already peaked; others say they’ll climb until or unless the nation’s economy officially enters a recession.
https://www.housingwire.com/articles/feds-interest-rate-hike-to-create-less-competition-in-the-housing-market/