Dave Kaptain
Jeff Kaptain
Jeff Kaptain
Mar 20th, 2017
As expected, the Federal Reserve Bank raised its benchmark rate by 0.25% Wednesday. Despite the increase, mortgage rates actually improved slightly because (a) the move had long been anticipated, and (b) the Fed forecasted gradual future increases, which calmed financial markets. Nonetheless, homeowners and prospective home buyers should consider the broader trends behind yesterday’s Fed action, and the potential impact on their real estate goals. Here’s an article that presents a good rundown of how the rate increase ties into mortgage rates and the local housing market.
