Trouble Ahead for U.S. Housing?

Source: Institutional Investor — 

There are growing signs that the Federal Reserve’s rate policies are starting to bite into the U.S. housing market.

Mortgage rates on 30-year fixed rate loans have risen from around 3% at the end of 2020 to just over 7% in October 2022 as the Fed has withdrawn its accommodative monetary policy and raised short-term rates. One would have to go back two decades to the year 2000 to find U.S. mortgage rates as high as they are now. (A relatively shallow recession followed that period.)