The Federal Reserve has been holding steady on interest rates and announced they are reducing the number of planned hikes from 4 to 2 this year. June was expected to be the first month for an increase this year, but experts aren't so sure.
In addition, any hikes are likely to slightly climb up with estimates placing the numbers at just a 0.9 percent funds rate in 2016.
This move tells a tale of caution, which makes sense given the past decade. And for home buyers, the low-interest rates are a great invitation into home ownership for Fort Lauderdale luxury homes and other properties. There are other factors home buyers should concern themselves with, even more so than interest rates. Visit Berkshire Hathaway HomeServices Florida Realty for details.
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