The Federal Reserve raised interest rates unanimously in September. Now housing professionals are waiting to learn how much appetite remained for doing it again. Wednesday’s minutes could help explain that debate. But anyone approaching the release with a 55% probability of an October hike is working with an outdated snapshot. The Fed’s September 16 statement confirmed a quarter percentage point increase, taking its federal funds target range to 3.75% to 4%. The statement passed by a vote of 12 to…
MarketNational
The Fed Raised Rates. Housing Can’t Afford to Get Wednesday Wrong.
Fed minutes and consumer sentiment will shape expectations for rates, mortgages and the housing market this week.
