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Will the FED keep me from Buying, Lancaster Co.,PA ?
Yes the Fed raised the interest rates, but check out the article that I've attached. Those of us who have a few years behind us realize just how historically low the rates continue to be. Even with the current rise. Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com The Fed Raised Rates: What Does that Mean for Housing? You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund's target rate at their December meeting. For only the second time in a decade, this is exactly what happened. There were many factors that contributed to the 0.25 point increase (from 0.50 to 0.75), but many are pointing to the latest jobs report and low unemployment rate (4.6%) as the main reason. Tim Manni, Mortgage Expert at Nerd Wallet, had this to say, “Homebuyers shouldn’t be particularly concerned with [last week’s] Fed move. Even with rates hovering over 4 percent, they’re still historically ... more
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