The big show is Wednesday, the Fed. It will increase the overnight cost of money from 1.75 percent to 2.00 percent, taking “prime” to 5.00 percent for the first time since 2008. The big question for housing: will long-term rates also rise 0.25 percent, putting mortgages astride 5.00 percent?
by Melissa Gomez | Today 2:43 A.M.
Brand Story by Inman Content Studio