The Federal Reserve is Meeting Today
Posted by Nahed Benyamein on Wednesday, November 2, 2022 at 11:25:37 AM
By Nahed Benyamein / November 2, 2022
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The Federal Reserve is meeting right now and expected to make history again by approving a fourth straight rate hike as an attempt to battle inflation.
Assuming they raise their benchmark lending rate to 3.75, this will be the highest since January of 2008.
Needless to say, the mortgage market is going to see some changes and anyone that has been qualified for a home should reach out to their realtor and see how this effects their purchasing power.
Questions about the market? Drop me a comment below or shoot me a DM!
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