The Federal Reserve Tightens Its Grip on the US Housing Market

https://www.realtor.com/news/trends/mortgage-rates-just-hit-their-highest-level-in-a-generation-is-8-next/
Mortgage rates reached 7.49% for 30-year fixed-rate loans during the week ending Oct. 5, up from the previous week’s 7.31%. This steep increase, marking a 23-year high, is driven by rising inflation, labor market fluctuations, and uncertainty regarding the Federal Reserve’s actions. Elevated rates are dissuading potential homebuyers, making homeownership less affordable, even as housing