Rates won’t be rising… At least for now!
The FED, otherwise known as the Federal Reserve, the United States’ central banking system, decided yesterday, in the long awaited decision to hold off on raising interest rates. Well at least for right now.
With the FED being responsible to look at maximum employment, price stability and moderating long term interest rates to maintain the stability of our financial system, the decision was based on a number of indicators and included:
For months we have been talking about it and were wondering what the crystal ball would show when the September deadline for decision rolled around. With an unstable global economy being a factor, we won’t see rates rise immediately, however it is likely we will see an increase before year end, according to reports.
With current interest rates at about 4% on a 30 year fixed mortgage and 3.35% on a 15 year mortgage, not is a great time to get into the real estate market as a first time home buyer or move up or down buyer. Borrowing money with rates this low, is like getting free money.
As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.
Written by Nickel Lowman
Content Quoted From: FederalReserve.gov, Fox13now.com, BankRate.com
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest