Interest Rate News

Dated: 08/02/2018

Views: 257

                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


Image title


Blog author image

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

Virtually Tour Our Listings

Whether you're in the market for a home right now, or just enjoy browsing while you stay safely at home, we've made it easy to view and tour our listings!  If you are in the market,

Read More

Remodeling For High ROI

Remodeling can be serious business, especially if you’ve got several pet projects on your list and a limited budget with which to work. It can be tempting to go straight to the items that you

Read More

Top Home Selling Points

When it comes time to sell your home, you obviously want it looking its best so that prospective buyers will fall in love with it. This may lead to you consider touching up or remodeling parts of

Read More

Pet Friendly Indoor Plants

Having a pet, no matter how old, is a lot like having a toddler around. You’re constantly having to make sure it’s not going to put itself in harm’s way by doing something unexpected, like

Read More