The latest Federal Reserve meeting in October, the Committee decided to keep rates unchanged. Of course, these historic low rates that have spoiled us all for so long will NOT continue. It’s just a matter of time.
This article (http://www.theguardian.com/business/2015/oct/28/federal-reserve-interest-rates-unchanged) hints that even THIS DECEMBER might finally bring our first rate increase in 9+ years. And this would DIRECTLY affect mortgage rates. With home values just starting to rise in most markets, and with mortgage rates still hanging at super low levels (for the MOMENT), there’s not really a better time to buy. Many homebuyers who might be procrastinating on buying may REALLY be kicking themselves later if they wait much longer to where home prices AND mortgage rates could increase.
Here’s a quick example below of how this could have a HUGE effect on a person’s home-buying ability.
Author:Greg Sanders Phone: 678-953-2688 Dated: November 25th 2015 Views: 820 About Greg: Greg Sanders is recognized as a Keller Williams "Mega Agent". The Sanders team is one of the top te...
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The Sanders Team Real Estate provides boutique-style personalized service to manage every detail of your home sale or purchase - from specialized market knowledge to pricing, marketing, negotiating, and closing. The Sanders Team is one of the top real estate teams in the Atlanta market. The team founders, Greg and Michelle Sanders, combined their technology and real estate experience to create a leading edge, technology savvy, and service based real estate team. The Sanders Team specializes in the Metro-Atlanta Georgia real estate market, including Woodstock, Canton, Roswell, Alpharetta, Milton, Marietta, Atlanta, Cumming, Kennesaw, Acworth, Austell, Ball Ground, Dallas, Duluth, Hiram, Holly Springs, Johns Creek, Mableton, Powder Springs, Sandy Springs, Smyrna, Union City, Waleska, and White.
The FEDERAL RESERVE decided to INCREASE the Federal Funds Rate today.
"I feel the Sanders Team is EXCELLENT. They have held our hands and walked us through the process of buying a new home. I would recommend Michelle and Greg to anyone buying a house. They even gave us tips on selling our current home."