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The odds of a home price decline hitting your local housing market, as told by one interactive chart

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Reuters

U.S. mortgage interest rates rise further, loan demand ebbs

It has risen 220 basis points from 12 months ago, with most of the rise since the turn of the year as financial markets have reacted to the U.S. Federal Reserve’s plans to raise interest rates more swiftly to combat high inflation. The central bank is expected to lift its benchmark interest rate by 50 basis points at its policy meeting next week, and to decide to start cutting its portfolio of $8.5 trillion of U.S. Treasuries and mortgage-backed securities – a stash of assets that had helped keep consumer borrowing costs, for mortgages in particular, low throughout the COVID-19 pandemic.

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