Are Homebuyers Overly Concerned About the Federal Reserve's Interest Rate Actions?
The Federal Reserve will not be raising the federal funds rate in June because of lackluster job creation last month. This is a reversal from more positive sentiments expressed before the jobs data came out. Given the connection between the federal funds rate and other interest rates such as U.S. mortgage rates, it is unsurprising that residential real estate consumers are paying close attention to the Fed's pronouncements. However, a strong case can be made that the extent of the...
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