American Banker Features Commentary from Hometap's Tom Egan on Recent Fed Decision

Hometap's Chief Financial Officer, Tom Egan, discusses with American Banker the Federal Open Market Committee's decision to leave rates unchanged.

"Mortgage rates remain elevated, affordability is strained and buyers and sellers may remain on the sidelines," Egan said.Hometap was surprised by December's spike in existing home sales. "Buyers are resilient and many sellers are considering their options for the year ahead, looking to capitalize on their equity gains," Egan added.

This article originally appeared on American Banker. Read the full article here.