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The Conversation USA

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
imageHomebuyers are receiving something of a holiday gift in falling mortgage costs.Andrii Yalanskyi/Getty Images

The 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...

Read more: Federal Reserve just hiked interest rates for the 7th time this year – so why are mortgage rates...

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