Last December, the Federal Reserve raised interest rates for the first time in ten years. The last time the Federal Reserve raised interest rates the housing bubble of the 2000's popped, setting off the worst housing market since the Great Depression.
The housing market "recovered" over the past five years as the Federal Reserve lowered interest rates to zero percent and engaged in three rounds of "quantitative easing" (QE) that involved printing money to buy about $2 trillion worth of near worthless mortgage backed securities from the nation's largest banks and about $2 trillion of U.S. Treasury Bonds from Uncle Sam.
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