What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News

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What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News

The Federal Reserve raised its short term interest rates by three-quarters of a percentage point on Wednesday, further exacerbating a housing affordability crisis more than two years in the making. For buyers already spread thin by elevated borrowing costs, the latest rate hike is a tough blow that could stop many dead in their tracks,…
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