By Ryan Holt | EMD News The American housing market was already struggling with affordability before the Federal Reserve raised interest rates in September. Now another increase could be coming. On September 16, the Federal Reserve unanimously raised its target federal funds rate by one quarter percentage point to a range of 3.75 percent to 4 percent. The Fed said inflation remains elevated and that its action was intended to support a return toward its 2 percent inflation goal. The…
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Housing Is Already Hurting. A December Fed Rate Hike Could Make It Worse
The housing market is already under pressure from high prices and mortgage rates near 7 percent. Another Federal Reserve increase in December could weaken affordability further.
