Federal Reserve approves another 0.75-point rate hike

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.75% to slow key areas of the economy and tame inflation, which is at a 40-year high. The central bank said its new target range is 3.75%-4%, the highest level... Read More.

What the rate hike will mean for housing

(NEW YORK) -- The Federal Reserve’s string of interest rate hikes this year has thrown cold water on the once red-hot housing market. Existing home sales fell for the seventh straight month in August, down 0.4%, according to the National Association of Realtors, as the... Read More.

Federal Reserve set for another dramatic rate hike

(WASHINGTON) -- Economists expect a major rate hike from the Federal Reserve on Wednesday, the latest in a series of borrowing cost increases as the central bank tries to slash near-historic inflation while avoiding a recession. The Fed will likely raise the benchmark interest rate... Read More.

What the interest rate hike means for homebuyers

(NEW YORK) -- A difficult year for many homebuyers became even tougher when the Federal Reserve dramatically raised borrowing costs this week in an effort to tame sky-high inflation, experts told ABC News. For months, homebuyers have faced the dual challenges of skyrocketing mortgage rates... Read More.

Federal Reserve expected to dramatically hike interest rate

(WASHINGTON) -- The Federal Reserve is expected to raise interest rates significantly on Wednesday, escalating a strategy of increased borrowing costs that aims to dial back historic inflation. Central bankers are expected to consider a rate hike of 0.75%, which would mark the largest increase... Read More.