Recently, the Fed made an announcement that interest rates will be increasing by 0.5% in December. What does this mean for you?
What was the most recent Fed announcement and how will it impact rates?
First, it’s important to note that there are three things driving the United States economy: the stock market, real estate, and the mortgage market.
Recently, the Fed made an announcement that interest rates will be increasing by 0.5% in December. This is going to start impacting buyers’ purchasing power pretty significantly over the next year.
As a result, we’re expecting more buyers to enter the market before rates go up. This means right now is a good time to sell. When rates go up and costs go up, inventory tends to rise as well.
So if you plan to list, you should do so sooner rather than later. And if you’re a buyer looking to purchase, why not make your move now? We might never see rates this low again.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.