Spring home buying season shows ‘steady demand’ as mortgage rates slip for second week

Source: Fox Business — 

The spring home buying season is showing “steady demand” as mortgage rates slip for a second week in a row. 

On Wednesday, the Federal Reserve raised its key interest rate by a quarter-percentage point and signaled that it could soon pause the increases amid the worst banking crisis since 2008.

Despite the Fed’s announcement this week, Redfin says its overall housing-market outlook for this spring hasn’t wavered.