Economist: Fed rate increase doesn’t matter to housing market
The Federal Reserve will determine if it will raise the federal funds rate in its June meeting, which will be announced Wednesday afternoon.
The majority of experts believe this will be the second of three or even four rate hikes in 2017, although some experts disagree. The general consensus, however, is that the market will see a rate hike in June.
But one economist explained a federal funds rate hike will not matter to the housing market.
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