Federal Reserve is about to hike interest rates once again – so why are mortgage rates coming down?
- Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate,...