Where Are The Rising Interest Rates? Just Around the Election Corner?

By
Real Estate Agent with Allison James Elite CA. BRE 01501699

Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®

Chris B Johnson, REALTOR®               Featured Listing                   Time to Sell Your Home?  

Mortgage Pre Approval           Neighborhood Market Report          Time To Buy A Home

What Happened to Higher Interest Rates This Year?

They were supposed to go higher in 2016—not sharply higher but noticeably higher nonetheless.

But worries about the slowdown in China spooked the stock market at the beginning of the year and the Dow tumbled 1,900 points during the first 3 weeks of January. The U.S. manufacturing sector was sliding and durable goods orders were shaky. So the Fed held off raising rates in March.

Another rate hike is now called for but wait, the employment report for May that just came out last Friday was a huge downer. Is that going to dash (postpone) another opportunity to push rates higher?

Perhaps. Or perhaps not...

READ MORE
 

HyperLocal Updates                                                         Sell, Remodel, Repair-Have Tough Questions?

California May Pay You To Short Sale                              The Cost Of Waiting

Oxnard REO Coming To Market                                        What Is My Home Worth?

Your Real Estate Update                                                    Pricing Your Home To Sell!

 

Posted by

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Ventura County
Tags:
stop foreclosure
luxury home specialist
best real estate agent
short sale specialist
certified short sale specialist
ventura county short sale realtor

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,977,717
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A small increase would hurt no one...It may help those with money in the bank, who could then have more buying power

Jun 10, 2016 10:11 AM #1
Rainmaker
521,211
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

I think a small increase will hurt more buyers who barely qualify for the least expensive housing options than it would help people who depend on interest income to live off of.

Jun 11, 2016 08:52 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
521,211

Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity
Is it Too Late to Short Sell My Home??
*
*
*
*
Spam prevention

Additional Information