Fed expected to raise interest rates again, which could affect housing market

CBS Mornings2,4 Mio. Abonnenten

1.796 Aufrufe 02.11.2022Federal Reserve policymakers are meeting Wednesday and it’s likely they will raise interest rates by another 75 basis points in a continued effort to curb inflation. Previous rate increases have pushed the average 30-year fixed mortgage rate above 7%. Nancy Chen reports on how already-high rates are affecting the housing market.