Fed Hikes, Mortgages Top 7% & Rhode Island Prices Still Climb? | Bolano Podcast #2

Fed Hikes, Mortgages Top 7% & Rhode Island Prices Still Climb? | Bolano Podcast #2 On this episode: The Scoreboard: the Fed raised rates, mortgage rates crossed 7%, and home prices in Rhode Island, Massachusetts and Connecticut still went up The Hot Seat: was the Fed's first rate hike since 2023 the right medicine for inflation, or the wrong prescription for housing? Plus the biggest myth about who sets your mortgage rate What this means for you: buyers, sellers, owners and young people The Fed raised rates a quarter point on September 16, 12 to 0, including the chair the President picked. Mortgage rates went over 7% for the first time since early 2025. And in Rhode Island, the median single family price still rose 6.7% to $544,000. I bring the case for the hike, the case against it from the White House and from progressives, what builders and Realtors say, and the receipts on every number. Question of the week: Was the Fed right to raise rates? Yes or no. Tell me why in the comments. Sources Federal Reserve FOMC statement, Sept 16, 2026: federalreserve.gov Freddie Mac PMMS, Sept 24, 2026: freddiemac.com/pmms BEA Personal Income and Outlays, August 2026, Sept 30, 2026: bea.gov BLS Consumer Price Index, August 2026, Sept 11, 2026: bls.gov NAR Existing Home Sales, August 2026, Sept 10, 2026: nar.realtor MBA Weekly Applications Survey, Sept 30, 2026: mba.org S&P Cotality Case Shiller, July 2026, Sept 29, 2026: spglobal.com RI Association of Realtors via Providence Business News, Sept 17, 2026: pbn.com Massachusetts Association of Realtors, August 2026 Monthly Indicators: marealtor.com SmartMLS Monthly Indicators, State of Connecticut, August 2026: smartmls.com Federal Reserve Bank of Atlanta, Nov 10, 2025: atlantafed.org FHFA National Mortgage Database, Q1 2026 NAHB, Sept 16, 2026: nahb.org Every number in this episode has a source. If I got something wrong, tell me in the comments. I help families buy and sell homes across Rhode Island, Massachusetts and Connecticut. This show is not financial advice. #RhodeIsland #Massachusetts #Connecticut #FederalReserve #MortgageRates #RealEstate #BolanoPodcast CONNECT WITH US ONLINE Jonathan Bolano Download Contact Card: JonathanBolano.com Licensed Real Estate Agent and Team Lead Rhode Island, Massachusetts, and Connecticut