Interest Rates Unchanged

The Federal reserve is worried about the economy slowing down, and they decided to leave the interest rate at 5.25% today and not raise it again. This is good news for the housing market because people had stopped buying thinking that rates will just keep going up. In contrast though, the rising price of oil is also becoming a drag on the economy, figuring into price increases for everything made with petrolium products or transported long distances by trucks. See more information about this here.

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