realtor lake forest: Rate Hike No Surprise for Lake Forest House Buyers
- 04/02/17 08:35 AM
Lake Forest house buyers and sellers were not surprised in the least at last week’s Federal Reserve decision to notch up the Fed Funds short-term rates. For once, anticipating the move had been easy. The surrounding factors—the economy, employment, and consumer confidence measures—were all in unison, pointing to a meaningful improvement now underway. Already, a day before Wednesday’s announcement, Lake Forest readers could confirm what was coming: “Mortgage applications rise 3.1% as borrowers rush to lock in rates,” per CNBC on Tuesday; “Mortgage rates jump as economy revs up,” echoed MarketWatch. The editors at CNNMoney, well aware that the “news” was not likely to gather much attention, wisely chose … (0 comments)
Lake Forest house buyers and sellers were not surprised in the least at last week’s Federal
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