With mortgage rates above 6%, here's what the Fed's latest hike could mean
With mortgage rates above 6%, here's what the Fed's latest hike could mean
Abstract
The rate for a 30-year, fixed-interest mortgage has doubled in nine months, topping 6% last week for the first time since George W. Bush’s presidency. The Fed is trying to break the economy’S inflationary fever without pushing the country into a recession. The usual indicators of economic health are confusingfully jumbled, and the usual indicator of economic growth is confusinglyjumbled. Inventor says. The market has concluded that the Fed is going to have to do more.
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