The central bankers at the Federal Reserve can adjust something called the Fed Funds interest rate in a way that makes borrowing more or less expensive in their campaign to keep inflation down in an economically-healthy way. But it’s like a lot of things in life: Timing is everything.
The number of housing deals that have fallen apart appears to have hit a high in June, according to data from Redfin. That’s people agreeing to buy a home, then backing out.