Will the FED keep me from Buying, Lancaster Co.,PA ?

Reblogger Don Hess
Real Estate Agent with KW Elite Keller Williams 1280 Plaza Blvd. Lancaster, PA 17601 AB067316
http://activerain.com/droplet/4YhB

 

Yes the Fed raised the interest rates, but check out the article

that I've attached. Those of us who have a few years behind

us realize just how historically low the rates continue to be.

Even with the current rise.

 

Don Hess

KW Elite

Keller Williams Realty


1280 Plaza Blvd.
Lancaster, PA 17601


717-553-2500 Office
717-715-6288 Mobile
717-786-7967 Direct
donhess39@gmail.com 

Original content by Michael J. Perry

The Fed Raised Rates: What Does that Mean for Housing?

The Fed Raised Rates: What Does that Mean for Housing? | MyKCM

You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future?

Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund's target rate at their December meeting. For only the second time in a decade, this is exactly what happened.

There were many factors that contributed to the 0.25 point increase (from 0.50 to 0.75), but many are pointing to the latest jobs report and low unemployment rate (4.6%) as the main reason.

Tim Manni, Mortgage Expert at Nerd Wallet, had this to say,

“Homebuyers shouldn’t be particularly concerned with [last week’s] Fed move. Even with rates hovering over 4 percent, they’re still historically low. Most market observers are expecting a gradual rise in home loan rates in the near term, anticipating mortgage rates to stay under 5 percent through 2017.”

Bottom Line

Only time will tell what the long-term impact of the rate hike will be, but in the short term, there should be no reason for alarm.

Buyers , now is the time to persue your next home ! your first step is Mortgage Pre-Approval ! Email mikeperrykw@gmail.com to get started.

 

 

 

Michael J. Perry

KELLER WILLIAMS Elite  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Pennsylvania Lancaster County Quarryville Solanco School District
Groups:
Chester County, PA
Southern York County
Berks County PA Homes for sale and info
South Central Pennsylvania Realtors
Lancaster PA Real Estate
Tags:
interest rates
fed
home buying
cost
increase
federal
owning
lancaster county
lancaster county pa
mortgage
increasing
going up
quarryville pa

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Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Interest rates continue to amaze me as they hold right around 4% !!!!!!!!!!!!!!

Jan 09, 2018 08:06 AM #1
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