Why the Fed’s Latest Rate Hike Might Actually Be Good News for Homebuyers

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Why the Fed’s Latest Rate Hike Might Actually Be Good News for Homebuyers

The Federal Reserve announced plans to raise its short-term rates by 0.25% this Wednesday as it continues its efforts to ward off inflation in the housing market and in the broader economy. But according to Realtor.com, this latest rate hike might not lead to a rise in mortgage rates. Rates averaged 6.49% on Wednesday afternoon
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