2 Rate Hikes Are Better than 4

With all eyes on the Federal Reserve, real estate brokers around the nation anticipated a strong spring market this year.
The year began with some pessimism marked by the double-whammy of the first rate increase since the Great Recession in December, followed by a January stock market plunge on the first trading day of 2016. Even though the Federal Reserve (the Fed) does not directly control mortgage interest rates—those are derived by individual lenders based on a variety of factors, incl