September 29, 2022
September 25, 2022
While Connecticut real estate listings remain down, homes on the market are snapped up 50% faster than last year as buyers also grapple with rising mortgage rates.
Last week, a Federal Reserve committee raised interest rates that affect what homeowners pay over time for their mortgages and other loans. It was the first hike in three years and the first of several hikes the Fed is expected to make this year, despite rising fuel prices and other inflationary pressures that experts say will eventually dampen the economy. economy.