As Expected The Fed Raised Rates .25

By
Mortgage and Lending with Skyline Home Loans NMLS #311662

Well, the Fed raised the federal fund rate .25 surprising absolutely no one. The good news is the market was expecting this, and mortgage rates actually improved slightly.

The Fed also signaled that they intend to continue tightening our monetary policy throughout the year. That means we can expect to see at least two if not three additional .25  increases. 

Overall, now will be the best time to purchase homes and to sell homes. Mortgage interest rates will reach 5% this year for 30 year fixed loan.  While historically low, and this will reduce purchasing power and particularly first-time homebuyers need to get moving.

Posted by

Matt Brady

 

Builder Sales Manager, NMLS ID#311662

(858)342-8659 cell |844-268-1952fax

 

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mbrady@skylinehomeloans.com| mattbrady.skylinehomeloans.com    
1455 Frazee Road., Suite 705| San Diego, CA 92108

 

    

 

 

 

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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Mike

Yep it was definitely expected, with more to come I believe. Now is a great opportunity to purchase before rates go higher, even with the limited inventory.

Jeff

Mar 15, 2017 12:15 PM #1
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Matt Brady
Skyline Home Loans - Del Mar, CA
Lending With Competence And Character

Hi Jeff Dowler,

If we can get the economy growing at 4% and more people working and making more money, a higher rate will be worth it.

Matt

Mar 15, 2017 01:31 PM #2
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Troy Erickson
Diverse Solutions Realty www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Matt - It will be interesting to see what the increase in mortgage rates does to the demand on housing.

Mar 19, 2017 07:49 PM #3
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Matt Brady
Skyline Home Loans - Del Mar, CA
Lending With Competence And Character

Hi Troy Erickson, depending on the "experts" I get the gamut of opinions. One says the rates will reduce affordability and bring values down. Another says the values will level off but due to scarcity (particularly in CA) values will level off but not decline. Still another thinks there is another full blown bubble headed our way. My personal opinion is that current homeowners have gotten into the market in a time when we required some skin in the game and at such a low-interest rate, that they will be unable to abandon their property and rent for less than they are paying to own. 

Mar 20, 2017 09:38 AM #4
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Matt Brady

Lending With Competence And Character
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