The recent Fed rate hike is leaving investors wondering if higher mortgage rates will tip the housing market into a recession. Mark Hamrick, senior economic analyst at, joined Cheddar News to explain. “The upside of that is that now prospective homebuyers, leaving the mortgage challenge aside, are getting more of the power put in their side of the equation, and sellers are having to give some of that up and we need to have home buyers to have some power at the negotiating table as well,” he said.