Feds raised the rates substantially today, .75%, resulting in a borrowing rate of 2.25-2.50% range. As money becomes more expensive for banks, the consumers will feel the sting also. Credit card and HELOC payments will increase, but mortgage rates will actually go lower as our central bank does this hoping to lower inflation. All of this will probably slow the economy, but it could bring more buyers and increased inventory-with the next hike that will probably happen in September #money #noteinvesting #realestateinvesting #banks
Glendale, CA
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net
Hi,
Enjoyed your blog, and I added you as a friend. I would love the follow back. Thanks Bill
Jul 28, 2022 06:26 AM
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Bill Salvatore - East ...
Chandler, AZ
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time
Linda, it is good to get the word out, and welcome to ActiveRain. Will look for your next posts.
Jul 28, 2022 08:25 AM
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