Home » Thinking about buying or selling-Think Fast-Federal Reserve Raised Rates again

Thinking about buying or selling-Think Fast-Federal Reserve Raised Rates again

Are you thinking about buying or selling a home-Think Fast- and not for long.  The fed raised it’s rates again.

From the NY Times Dec 14, 2016….

“In general, movement of the Fed’s rate does not have a large, direct impact on long-term mortgage rates. But when the Fed’s rate goes up, banks find ways to pass their higher borrowing costs along to consumers.

And because long-term mortgage rates are set in stone, they also factor in the anticipation of future rate increases. That’s part of why mortgage rates have been shooting up in recent months: The Fed has suggested that interest rates are likely to continue rising for years.”

Contact Realtor Lona Downs of World Impact Real Estate at www.HomesDestin30A.com or use the search tab to search for your next Florida home.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=346286