The Federal Reserve Wednesday announced it would leave interest rates unchanged. It was the fourth rate hike pause by the Fed in a row — keeping its benchmark range at a 23-year high of between 5.25% and 5.50%. Vice-president of FM Home Loans in New City, Ann Zeilingold, says she needs to wait and see how mortgage rates might react to the move…
Observers told CBS Moneywatch that while the pause may not be a game-changer for those in the housing market, it offers a period of stability, considered a modest victory in today’s economic climate.