))
What Raised Interest Rates Mean for You
Manage episode 154619239 series 1128646
Inhoud geleverd door Brad Saarela. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Brad Saarela of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Want to sell your Rochester Area Home? Get a FREE home value report.
Want to buy a Rochester Area Home? Search all homes for sale.
On December 15th, the benchmark interest rate went from a range of 0-0.25% to 0.25 to 0.5%. In the last two years, the big price changes have already happened, it’s already built in. Today, we can say rates haven’t changed.
What impact has it had on the markets? As of December 17th, the stock market went up in the U.S. The rest of the world experiences this, too, because we’re coming out of a recession. The biggest economy in the world is showing confidence with unemployment at 5% and low inflation.
What does this mean for you, the consumer? Rates will go up, but only slowly. Don’t panic because it’s not urgent to refinance your loan or buy a home within the next sixty days. However, this would be a good year to do it. With a recovering economy, you can earn top dollar for your home and get a superb interest rate on your next one.
If you’re thinking about buying or selling a home, please reach out to us! We’d be happy to serve you in 2016.
*Due to fluctuating market conditions, information is subject to change
22 afleveringen
Delen
