The Fed Wants to Cool the U.S. Housing Market. Here’s What That Feels Like

Reuters, May 2, 2022–Ann Saphir and Lindsay Dunsmuir
Rising rates mean borrowing for a house is suddenly more expensive. The 10-year Treasury note yield, a benchmark for mortgage rates, has risen on expectations of swift Fed rate hikes. The average 30-year-fixed home loan rate is now 5.37%, up more than 2 percentage points since the year began, according to the Mortgage Bankers Association.
https://wtvbam.com/2022/05/02/the-fed-wants-to-cool-the-u-s-housing-market-heres-what-that-feels-like/