Will the Fed Be the Grinch that Ruins the Mortgage Market?
The Federal Reserve appears hell-bent on raising interest rates for the first time in a decade and only a terrible jobs report due this Friday could put a freeze on its plans.
Don’t bet on it, though. With job openings near a record peak and hiring at an 11-month high, employment gains in November will likely be good enough to allow Yellen and company to act at the FOMC’s next meeting.
What will these higher rates mean for the Mortgage Market and Home Sales?
The Collingwood Group Chairman Tim Rood debated that and more on Fox Business Network’s Cavuto
Watch the video!