Real Estate Trade Groups Call on the Fed to Say No to Rate Hikes

The Scotsman Guide is reporting that three real estate industry groups have banded together to bring attention to the Federal Reserve about what they say is havoc being caused by rising interest rates on the housing market. In a joint letter to Fed chair Jerome Powell and the central bank’s Board of Governors, leaders from the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) said they seek to “convey profound concern shared among our collective memberships” about the impacts of continued uncertainty regarding rate policy moving forward. Continue reading HERE...