Federal Reserve just hiked interest rates for the 7th time this year – so why are mortgage rates coming down?
- Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
Homebuyers are receiving something of a holiday gift in falling mortgage costs.Andrii Yalanskyi/Getty ImagesThe Federal Reserve raised interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other...

