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Fed Hikes Loom as Mortgage Rates Rise | Real Estate News
Fed Governor Michael Barr warns the central bank may need to hike rates aggressively if inflation doesn’t cool, as mortgage rates climb toward 7% and the bond market reacts to global tensions. With inflation stubbornly high and August data looming, economists say a potential rate move could hurt housing now but stabilize prices long-term — setting the stage for a tougher fall buying season. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report…
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