After six consecutive oversized interest rate increases of .75 points each, the Federal Reserve finally returned to a more traditional quarter point increase of a quarter point at the conclusion of its February 1st meeting. Our Marty Green once again provided insight and analysis to the media on how the Fed’s latest actions will affect the residential housing market, and what’s expected in the weeks ahead.
“This more moderate increase is a clear signal to markets that, while the Fed may need to raise rates somewhat higher this year, it is getting closer to its terminal rate in this rate cycle, as inflationary pressures continue to ease.”
Read Marty’s commentary in the following media outlets:
- Mortgage Professional America: Federal Reserve taps brakes in fight against inflation
- National Mortgage News: With FOMC hike baked in, mortgage rates sink
- Inman: Mortgage rates may ease as modest Fed rate hike could be its last
- The Hill: Mortgage rates fall below 6 percent for first time since September