The most common question I get is "How are the rates these days?" We continue to hear that rates will still go down, but for you buyers I am loving the near record low. See article from Inman below:
Because of the involvement of the Federal Reserve, the stock market actually affects interest rates as well. When people start becoming tentative or cautious in the markets, the Fed often lowers the interest rate to help encourage more buying. On the other hand, when inflation in the markets becomes obvious, the Fed may raise the rate to help control inflation.
Because of the involvement of the Federal Reserve, the stock market actually affects interest rates as well. When people start becoming tentative or cautious in the markets, the Fed often lowers the interest rate to help encourage more buying. On the other hand, when inflation in the markets becomes obvious, the Fed may raise the rate to help control inflation.
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It is great news that rates are going down as I am interested in buying any property.
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