The Federal Reserve raised interest rates another three-quarters of a percentage point on Wednesday, just as they had done in June and July, in an effort to curb inflation. Additional rate hikes may come in the next few months as well. Ann Zeilingold, vice-president of FM Home Loans in New City, says for the most part, however, people aren’t shying away from real estate…
Ann can be heard here on “The Morning Show” Thursdays at 7:15 with her “Mortgage Matters” segment. NPR noted that while the price of gas has dropped from its record highs in June, and prices on other items including used cars and plane tickets have come down, other things like rent, groceries and electricity, continue to rise.