Fed Week, Higher Bar
The Fed is expected to hold rates this week, but markets still price more hikes. With the 10-year Treasury near 5%, commercial loan rates above 7% and maturity defaults driving CMBS distress, here is what investors in Nashville, Murfreesboro and the rest of Middle Tennessee should watch.
Mid-Tier Stall After Fed Hike
After the Fed’s first rate hike in more than three years, mortgage costs near 7% are colliding with a Middle Tennessee market that has more listings—and a mid-tier buyer pool still short on payment room. High-end activity remains selective; the squeeze is in the middle.