what does the fed interest rate hike mean for you: What Does the Fed Interest Rate Hike Mean for You?
- 01/01/16 03:21 AM
If you are in the real estate market, the recent interest rate hike should not be cause for worry; at least not right now. Mortgage rates are tied to the U.S. 10-year Treasury. Many experts agree that interest rate changes will take a while to affect the San Diego real estate market. Our market has been characterized by low demand and high inventory. One prediction I read projects interest rates to be up to 4.6% by the end of 2016. Wil this be a higher mortgage payment? Yes. Your mortgage may go up a few hundred dollars. You will feel the increase, but it (3 comments)