As inflation continues to be problematic and the Fed says it will continue rate hikes, the usually hot summertime housing market is not feeling so hot. There’s a glaring lack of inventory, existing home sales remain relatively flat, and mortgage rates are ticking up again and overall are higher than they’ve been for many years. Our panelists will discuss how the Fed’s latest moves indirectly impact mortgage rates, what it all means for the economy, and how homebuyers who may be wondering if it’s too big of a risk to buy right now can evaluate their personal situation.
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