The Federal Reserve's interest rate decision has far-reaching implications for the housing market.
People planning to buy a home have been closely monitoring mortgage rates, waiting for an ideal opportunity. However, the Federal Reserve announced in its recent meeting that it would maintain interest rates rather than lowering them, suggesting that mortgage rates may remain high. This decision will impact the plans of many homebuyers and home sellers, as they may be reluctant to purchase new homes or sell properties at higher rates.
Mar 21, 2024