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9 charts show the massive slowdown hitting the housing market as the Fed drives borrowing costs up
14 days ago - By Business Insider
Potential homebuyers and a real estate agent. Getty Images.
The Federal Reserve just announced a massive increase to borrowing costs in hopes of curbing inflation.
A combination of sky-high prices and rising mortgage rates is pushing many homebuyers out of the market.
Even as it cools off, the housing market is still nowhere near normal, and a further slowdown is likely.
Interest rates are going up The Federal Reserve on Wednesday raised its interest rate by three quarters of a percentage point , a move that will increase borrowing costs for financial products, especially mortgages. For...
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