Money Housing market is ‘overly sensitive’ to Fed rate hikes. Experts weigh in on what’s next. March 22, 2023March 22, 2023 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Housing market is ‘overly sensitive’ to Fed rate hikes. Experts weigh in on what’s next. The housing market has been overly sensitive to what the Fed has done with interest rates, both when they've been high or low.