mortgage

COMMENTARY
A "For Sale" in front of a house. Mortgage rates have fallen over the past month but remain above 2021 levels, leaving homes sitting on the market longer than during the pandemic boom.

The Fed hiked interest rates for the 7th time this year, so why are mortgage rates coming down?

BY: - December 15, 2022

The Federal Reserve raised interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other borrowing costs in the economy, by 4.25 percentage points from a low […]