Federal Reserve Interest Rate Announcement
The U.S. Federal Reserve announced on Wednesday that it will be raising its short-term interest rate by half a percentage point in its crusade to tame inflation. This means that mortgage interest rates, which are separate from the Fed’s rates but typically follow the same trajectory, will likely rise even higher.
Source: Clare Trapasso, www.realtor.com
Are you considering selling and/or purchasing a home in Bucks, Montgomery, Delaware, Mercer, Burlington or Philadelphia? More than ever, you need expert, professional representation. Before you consider making a move, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing to suit your needs.