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Interest rate hikes cool overheated housing market

The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation, increasing homebuying costs and ending bidding wars. (July 27) (Video by Eugene Garcia/AP) 
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Information
Source name: 
The Associated Press
Unique identifier: CP161435991 
Legacy Identifier: 7a64dec77d424bb5864f665475a32ccd 
Type: Video 
Duration: 1m24s 
Dimensions: 1920px × 1080px     98.75 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 7/27/2022 3:21:36 PM 
Display aspect ratio: 16:9