All tagged federal reserve
The Federal Reserve's recent decision to lower its key interest rate by 0.5 percentage points, two months before a presidential election, is expected to have a significant impact on the local housing market. The federal funds rate now stands at approximately 4.8%.
Just months ago, the housing market was blazing hot. Now median prices are dropping, even in states like North Carolina that continue to attract new residents. The Federal Reserve isn’t done pushing up interest rates to combat inflation. Consumers are responding to higher prices by cutting back on expenses.
