Why do the Fed’s wanting to change our interest rates, let alone raise them? Because changing the interest rates can stimulate economic growth and fight inflation. While acting may have negative consequences, doing nothing can have a detrimental effect as well.
It is predicted that interest rates will be increasing this Summer. How does this affect homeowners and buyers? If the interest rate is high, living cost, business and investing are also harder to come by. The buyer purchase price will go down, meaning the seller will have less competition for their home, and typically stabilize home prices.
As a homeowner it is important to be aware of the possible changes, as it can affect us. If interest rates jump as high as 4.8% this Summer, I would say it might be an appropriate time to sell if you are planning to reinvest your funds. From my book of business, 2018 is going to be a transition year. We will have to look closely on when the rise of interest rates will take place. Thanks.
For more information on why the Fed changes interest rates, and the effects of changing interest rates visit: https://money.howstuffworks.com/fed-change-interest-rate1.htm
I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of JANUARY.
1/16/2018 Kevin G Marshall
1/18/2018 Grant Slatton Thomas
1/23/2018 Michael Black
Happy Home ANNIVERSARY to my seasoned clients for the month of FEBUARY!
2/27/2013 Amber Hoffman
2/14/2014 Priscilla Schmidt
2/24/2015 Jasmine Andrea Ramirez
2/5/2016 Chloe Yester
2/12/2016 Alex and Sally Yan
2/18/2016 Kaitlyn Jackson and James Collins
2/3/2017 Dez and Jennine Ellis
2/24/2017 Stephanie Leung
2/28/2017 Priscilla Schmidt
2/28/2017 Andre Gill McVey
If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $100 gift card at closing. Thank you for your trust.