Why the Fed Wants Home Buyers to Face Higher Mortgage Rates – Holden Lewis

The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. All in the name of slowing inflation. The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The Fed hadn’t raised the federal…

Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @@HoldenL.

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