Fed hikes rate by 75 bps, back to 2018 level
Housing Wire
JULY 27, 2022
Designed to control persistent inflation, the decision could increase the cost of mortgage borrowing and further slow home sales, as the housing sector is particularly interest-rate sensitive. . It brought rates back to the level of December 2018 – and marked an end to the easy money that gave rise to the hottest mortgage market in U.S.
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