What was said around it
conditions affect the housing market significantly more than interest rates do. If anything, higher interest rates do slow housing activity, but it doesn't crush prices. This means for sellers and homeowners, even though rising interest rates makes your home a lot more expensive to purchase, it doesn't decline in value proportionally. But for the buyers, yes, this does mean that purchasing a property this year is going to cost you a little more. And even though mortgage rates aren't directly tied to what the Federal Reserve does, there is some sort of an impact. And that does mean your payments are probably going higher. So, in terms of what's happening, what this means for you, and who's going to get hit the hardest besides Liupold, here's what you came for. Rate hikes. As of today, the market's pricing in more than a 40% chance that on September 16th, we see a 25 basis point rate hike, as indicated by several Federal Reserve Board members who already voted in favor of the increase. Why? Well, from their perspective, inflation isn't going away. Employment's still pretty strong and the market's frothy, so it could handle a rate increase right now. And if asset prices fall in the process, then
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