Recently, the Fed has implemented a significant increase on the Fed Funds Rate. Rising from 1.92% to 2.18%, this is the largest raise in rates for some time.
I’ve been tracking these rates regularly, which can be viewed on my blog HERE. Reference the comments thread to see these steady increases since they were as low as 1.16%.
Our rates have been so low for so long, and it is an impossible level to maintain long-term, so they should continue to rise.
Although rates are on the rise, many predict prices will begin to fall soon. Experts are anticipating the next “crash” in 2020. READ ARTICLE HERE.
The current market is slower now, with longer time on market, less multiple offer scenarios and less than full price offers. Hopefully this due to our seasonal market.
If you would like to strategize on the best approach for your next move, I would be happy to assist. 😉
Kenzie Kipper, SRES, ABR, PME
Real Estate Broker – Kelly Right Real Estate
425.765.4432 ~ firstname.lastname@example.org