Why You Shouldn't Worry About the Fed Raising Rates

The Federal Reserve recently raised rates. What does this mean to you in terms of real estate? The Federal Reserve recently raised interest rates, but what does that mean to you? For starters, the recent rate hikes haven't had any impact whatsoever on mortgage interest rates. A few months back, mortgage rates went up slightly, but they're still at historic lows. Mortgage interest rates are still historically low. The fact that homebuilder confidence is at a 12-year high is proof. We know this is true because new homes are being built all over the place. We also see homes come on the market and sell relatively quickly. Your home might be worth a lot more than it was four or five years ago. If you're curious about what it's worth or you're thinking about buying a home, give us a call soon. We look forward to helping you!