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Tustin Home Loan Rates React to Fed Announcement
Last week, local home loan observers were hardly surprised by the news that the Fed’s key
borrowing rate—the one that’s most important where Tustin home loan interest rates are concerned
—was left as-is. At least for the moment.
What that indicated to most educated guessers was that the previous three months’ worth of
relatively weak economic news was probably behind the decision not to raise rates. The economic
news may not have been all that weak, but it was shaky enough to provide more good news when
it comes to Tustin home loans—still remarkably (and happily) hugging the bottom of the 4%
range.
The reason it’s fair to call the expert observers of Fed decisions “educated guessers” is
because of the noncommittal language that usually comes out of Federal Open Market Committee
announcements. For Tustin homeowners or soon-to-be homeowners, the direction that local home
loan interest rates are likely to be headed is an important element in planning if and when to buy or
sell a home. A half-percent rise or fall in the Fed funds rate can trigger similar movements in
mortgage rates. Over the course of retiring a typical $250,000 home loan, that amounts to a
$25,000+ difference—for some, reason enough to make a real estate move sooner rather than
later. If only you ... more

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