Home affordability has crumbled this year, and it may erode further at the hands of the Federal Reserve. The Fed on Wednesday raised the federal funds rate by three-quarters of a percentage point to a range of 3.75% to 4%. The central bank’s action will directly or indirectly raise the floor under several consumer interest... Holden Lewis writes for NerdWallet.
Stories Related to Home Affordability Takes A Hit As Fed Fights Inflation
Holden Lewis, NerdWallet.com
Wed, 11/02/2022 - 11:14am
Topics: personal finance
BING NEWS:
- Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability challenges many Americans are facing.
01/16/2025 - 1:31 am | View Link - Fed Cuts Rates, but Housing Affordability Remains a Challenge
The Federal Reserve's recent interest rate cut may not significantly improve housing affordability for many Americans. Limited housing supply and high home prices continue to pose challenges for ...
10/3/2024 - 3:53 am | View Link - More
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