Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery,
Interest Rate News
Dated: August 2 2018
Views: 315
Yesterday, the Federal Reserve Bank (commonly referred to as just “The Fed”) decided to leave the federal funds rate, which influences mortgage interest rates, unchanged for right now, though hinted at future increases that experts speculate could come as early as September.
In their statement released yesterday afternoon, the Federal Open Market Committee (or FOMC) made this decision in order to “foster maximum employment and price stability,” after noting that employment remains high, household and business investment spending have grown, and inflation remains balanced. Future rate increase decisions will be based on the same indicators moving forward.
The Fed is the central bank of the United States that monitors the financial health of the US economy and sets monetary policies in order to promote or maintain stability, while also managing inflation. The board meets 4 times per year to review data and economic projections to establish the federal funds rate: the rate at which banks lend money to other banks. This rate impacts the interest rates paid on all loans, including mortgages and auto loans. When The Fed raises the federal funds rate, mortgage interest rates will increase as well. The Fed’s policies also have an impact on inflation, employment rates, and even the value of our currency!
Contact a GroupWatson Agent TODAY for Professional Advice & Expert Direction.
~Experience the GroupWatson Difference~
Call or Email Today!
972.370.1775|BuyOrSell@GroupWatson.com
*GROUPWATSON'S FEATURED LISTING OF THE WEEK*
4009 Netherfield Road, Frisco TX 75034
Lisa Ellard
With a background in marketing and journalism, Lisa Ellard is well-equipped to offer each of her clients savvy business advice, while always keeping their lifestyle needs a priority. She is a detail-....
Latest Blog Posts
If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge
An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we
While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re
© 2021 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor GroupWatson Real Estate Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas
