The Latest: Shares in homebuilders fall ahead of Fed meeting

13Jun - by Editor - 0 - In STL.News



WASHINGTON/ June 13, 2018 (AP)(STLRealEstate.News) — The Latest on the Federal Reserve policy meeting (all times local):

12:30 p.m.

Homebuilders are taking a beating on Wall Street ahead of Wednesday afternoon’s Federal Reserve meeting, where analysts are expecting a rate increase.

The Fed’s rate hikes can translate into higher interest rates for credit card holders and homeowners with adjustable-rate mortgages or home-equity lines of credit.

The construction industry is already wrestling with rising costs for labor, material and available land.

Continue reading The Latest: Shares in homebuilders fall ahead of Fed meeting at STL.News.



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