1 Day
Source:
New York Post
Fed rate hike may clash with Trump
Federal Reserve policymakers are expected to increase interest rates for the first time in three years, raising the benchmark rate from 3.75% to 4.00% in response to persistent inflation and recent hot inflation data. The move, viewed as likely by financial markets, is anticipated to impact mortgage rates, which have already risen above 6.7%, potentially influencing housing market activity and consumer confidence. While some real estate professionals believe the market will adapt, higher rates may lead to delayed transactions and price concessions, especially among first-time buyers and middle-class segments.
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