Do you want content like this delivered to your inbox?
Share
Share

Federal Reserve Raises Short Term Interest Rate

Tupper Briggs

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors and RE/MAX International available.

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors and RE/MAX International available.

Oct 4 1 minutes read

Citing a bright economic outlook, the Federal Reserve last week raised its key short-term interest rate by ¼% and signaled it may do so three more times this year. While the Fed’s action doesn’t automatically boost mortgage rates, they should rise in response soon. A ¼% increase on a $500,000 loan will cost over $40/month. Homebuyers should consider buying sooner than later as both interest rates and prices are sure to rise in the future.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info