Once Fed rates reach 6% low, Barbara Corcoran predicts home prices will skyrocket because 'everybody's going to charge the market' to 'come out and buy.'
One of America’s most prominent figures of commerce, finance and real estate has unveiled exactly when the housing market may see its next drastic shift. "I can't explain the rates going up or down – that's not my bailiwick.
The Federal Reserve left interest rates unchanged for the fifth straight time in its latest meeting, while clarifying that plans to cut rates may be pushed out further, but remained committed to three this year. The decision, which was widely expected, keeps the federal funds rate between a range of 5.25% to 5.5%, a 22-year-high. This will also keep rates for mortgages, loans and credit cards at elevated levels.
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