Category: REALTOR Magazine

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

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.

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What the Fed’s Aggressive Rate Hike Means for Housing

The effects of the increase, a move up of three-quarters of a percentage point, sets an expectation of several more rounds of rate hikes in the coming months.

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