Fed's Rate Circus Makes Home Buyers Sob Into Their Empty Piggy Banks
Key Points
- The Federal Reserve is keeping interest rates steady, posing...
Real estate enthusiasts hoping for a housing market miracle might want to grab some popcorn and a stress ball - the Fed's latest moves are about as comforting as a mortgage calculator with a stuck decimal point.
Interest Rates: The Gift That Keeps on Taking
The Federal Reserve is keeping interest rates steady at 4.25% to 4.50% as of May 7, 2025, which is about as exciting for homebuyers as finding out their dream house comes with a family of raccoons in the attic. Fed Chair Jerome Powell calls the economy "solid" - presumably as solid as everyone's frozen bank accounts.
The Inflation-U...
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