Colin Clark is a mortgage lender in a suburban community outside of Houston, Texas. Like many Americans, this AnnieMac lender is closely watching the upcoming decision on interest rates by the US central bank which has been on its most aggressive series of hikes in decades.
On Wednesday the Federal Reserve is poised to hold interest rates steady at 5.25 percent – 5.5 percent. While inflation has started to cool, it hasn’t been substantial enough to jolt the housing market. The rate hike pause may not be enough to move the needle for consumers to make a move just yet.
