Are We Done Yet? | Fed Raises Rates for 10th Straight Time

Posted by Matt Curtis on May 19th, 2023

Fed Raises Rates for 10th Straight Time

When are we going to get off of this roller coaster with the Fed? The Fed just announced its 10th straight rate hike, so what does that mean for homebuyers?

In the Fed's speech, they omitted some key language which has a lot of people interpreting this as the Fed saying that this is going to be the last rate hike. The Fed’s post-meeting statement omitted a sentence present in the previous statement saying that “the Committee anticipates that some additional policy firming may be appropriate”. Could the 10th straight rate hike be the last rate hike?  It looks like it may be, at least for the time being.

 

How Does This Affect Homebuyers & Mortgage Rates?

How is that going to affect everybody,…

1136 Views, 0 Comments