Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes
Housing Wire
MARCH 6, 2024
The Beige Book is published two weeks before each meeting of the policy-setting Federal Open Market Committee. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.
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