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Adam Millsap: The Federal Reserve’s Rate Hikes Are Cooling The Housing Market But Land-Use Reforms Still Needed

Since the spring of 2022, the Fed's federal funds rate target–which is the interest rate banks charge one another for overnight loans–has increased to 2.5%, up from 0.25% in February. The Fed's actions have increased interest rates on everything from credit cards to mortgages. The higher mortgage rates are starting to bring down prices, but

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Posted: September 13, 2022 Tuesday 09:29 AM