Fed Holds Rates at 4.25%-4.5% as Housing Market Faces Affordability Crisis

The Federal Reserve is playing the world's most expensive game of "will they or won't they" with interest rates, and your mortgage payment is the unwilling audience. With rates parked at 4.25% to 4.5% since December, Fed officials are split like a restaurant bill between friends who ordered vastly different meals.

The Great Fed Divide: Team Cut vs. Team Hold

Richmond Fed President Tom Barkin is channeling his inner cautious parent, basically saying "we'll see" when it comes to rate cuts. His reasoning? Inflation is still acting like that guest who won't leave the party, hovering above th...