Real estate groups urge Fed to stop rate hikes amid housing crunch
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Major real estate industry groups have called upon Fed regulators to cease further interest rate increases in order to stabilize the strained housing market. Yahoo Finance’s Dani Romero breaks down the letter the MBA, NAR, and NAHB sent to Fed Chair Jerome Powell and what impact these rate hikes are having on the U.S. housing market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your […]