Fannie Mae: Jump in Existing Home Sales Expected to Be Temporary With New Sales Comparatively Outperforming
March 25, 2023
March 25, 2023
WASHINGTON, March 25 -- Fannie Mae issued the following economic and housing weekly note:
Key Takeaways:
* The Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points to a target range of 4.75-5 percent at its March 21-22 meeting, the second consecutive 25-basis point hike. The FOMC's press release states "some additional policy firming may be appropriate," whereas it had previously stated that "ongoing rate increases" . . .
Key Takeaways:
* The Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points to a target range of 4.75-5 percent at its March 21-22 meeting, the second consecutive 25-basis point hike. The FOMC's press release states "some additional policy firming may be appropriate," whereas it had previously stated that "ongoing rate increases" . . .