Jun
08
2016

Interest Rates

Posted 4 years 112 days ago ago by SuperUser Account

Although the federal reserve rates don't directly affect mortgage rates, they have a pretty quick indirect impact on mortgage rates and so it makes sense that we monitor and understand what the changes mean when the Federal Reserve either decreases or increases rates.

In it's simplest form the Federal Reserve rate is the cost at which lenders (banks) are able to borrow money in order to make loans to you and I. In most cases this increase or decrease in cost to the lenders is passed on to us in the interest rates that are offered when we borrow money from the lender in the form of a mortgage note. More information can be found at, http://www.bankrate.com/finance/mortgages/federal-funds-rate-mortgage-rates.aspx.

The Federal Reserve is scheduled to meet again on June 14 - 15th at which point decisions will be made on the interest rates.  The Federal Reserve calendar can be found here, https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.  The Federal Reserve utilizes a number of different economic factors such as employment growth to determine if it should increase or decrease rates.  

 

For better or worse, speculation is part of the fabric of our society and so up until the Federal Reserve actually makes a decision, we'll see a number of news outlets making their predictions on what the Federal Reserve will do and as a result institutions may begin making changes in preparation.  


As it relates to Real Estate we all need some place to live and have to make the decision between renting and buying in addition to determining the best places to put our hard earned dollars to work for us.  Borrowing at today's low rates is still palatable and helps to justify the decision to buy vs. rent or to purchase an investment property if you are financially able to.


Do your due diligence, and if you determine that it's in you and your families best interest to buy or sell, give me a call.  I look forward to hearing from you.


    


     








Recent Articles
Strategic Default 4 years 273 days ago
Mortgage Help Extended! 4 years 267 days ago
Goals, Goals, Goals, and more Goals 4 years 265 days ago
I'm still here.... 4 years 243 days ago
Needs vs. Wants 4 years 133 days ago
Is your personal residence an Asset or a Liability? 4 years 131 days ago
Interest Rates 4 years 112 days ago
Should I buy or Rent? 4 years 93 days ago
Subscribe
Local Real Estate News

NAR: Setting the Record Straight on Fair Housing

Fri, 25 Sep 20 14:09:24 +0500

HUD recently weakened a rule to affirmatively promote fair housing goals, and NAR objected to the decision. NAR’s director of fair housing policy says the policy is “baked into the original Fair Housing Act of 1968,” and “a step backward in the drive toward equal housing opportunity.”

Record Number of Homeowners Live in HOA Communities

Fri, 25 Sep 20 14:09:23 +0500

In Fla., almost 10M residents live in one of 48,500 communities with a homeowners’ association or condo board. The number is second only to Calif, which has 49,200 HOAs.

Almost 400K Fewer Homes Listed Due to the Pandemic

Fri, 25 Sep 20 14:09:23 +0500

From March to now, realtor.com listings are down by about 400,000. In three Fla. metros, it’s down over 40%; in two others, time-on-market dropped by more than 20 days.

‘AOB’ Fight Goes to Fla. Supreme Court

Fri, 25 Sep 20 14:09:20 +0500

Anchor Property and Casualty claimed an assignment-of-benefit claim was constitutionally illegal. So far, a lower court agreed but Anchor lost in a court of appeal.

The Great Appliance Shortage: Life Without a Dishwasher?

Fri, 25 Sep 20 14:09:14 +0500

COVID-19 created yet another problem: A U.S. shortage of dishwashers, refrigerators, washers and dryers. Freezers disappeared first when consumers started hoarding food.

Contact

 

Cecilio (Tony) Thomas

Future Home Realty

13029 W. Linebaugh Ave

Suite 101 Tampa, FL. 33626

727.207.2978

cecilio.thomas@IsItTime2Sell.com

"Your neighborhood Realtor..."