Rate Hike Could Discourage Some New Home Buyers

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Published on 16 Dec 2016, 0:18
As expected, the U.S. central bank raised its key lending rate Wednesday by a quarter of a percent, only the second time it has done so since the end of the financial crisis.Economists say normalizing or raising the record low interest rates of the past few years is a sign the U.S. economy is on the mend.But others say higher rates could also hurt the very industry that triggered the financial crisis - the housing market.Mil Arcega has more.
Originally published at - voanews.com/a/fed-rate-housing-home-buye...
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