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Fed's Rate Circus Makes Home Buyers Sob Into Their Empty Piggy Banks

Reading time: 2 min • May 9, 2025, 08:04 AM (UTC)

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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