News from the Federal Reserve meeting this week.
The Fed plans to hike the interest rate in March to combat inflation. If you want to read more, you can pick your poison here:
- Fed plans to raise rates starting in March to cool inflation (AP)
- The Fed is getting ready to raise interest rates (CNN)
- Fed signals interest rate hike could come ‘soon’ as inflation rages (Fox Business)
This interest rate hike most likely means a continued decrease in refinancing, BUT this fear of a rate hike also pushes buyers in the market to get a deal done as soon.