Two Federal Reserve Board chairmen this week signaled that they favor a quarter-point rate hike at the next meeting Feb. 1.

That’s down from the half-point hike the meeting before that and four consecutive increases of 0.75 points prior, which have translated to a higher cost of debt financing, causing buyers to seek a higher rate of return, according to a new report from the National Multifamily Housing Council (NMHC).

Paul Bergeron

 

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