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What Does the Fed Rate Increase Mean for The Housing Market?

As you know the Federal Reserve announce a rate hike of .75% What does that mean for the housing market?

Although this does not directly impact fixed mortgage rates, it’s a good indicator on where the market is headed. Take a look at the most recent June newsletter. On page 3 you can find the Market Status video where Broker/Owner Martin Atencio talks about the Fed rate, inflation, the housing inventory and what his biggest advice is during this time.

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