Buy now before interest rates go up is the word from the professionals!
The Federal Reserve voted unanimously on Wednesday, 12/16/2015, to raise interest rates by a quarter point, marking the first increase in more than nine years. The bank raised its fed funds rate to a range of 0.25% to 0.5%, ending an unprecedented seven-year run of near-zero interest rates. The vote was 10-0.
The board of directors also raised the discount rate to 1% from 0.75%. Looking ahead, the Fed said it will "carefully'monitor" actual inflation in light of 'current shortfall." And given current economic conditions, the bank said interest rates are only likely to increase in a "gradual" manner, ending up at a long-run target of 3.5%. That was unchanged from its September forecast.
Source: The Wall Street Journal
Property Search
RSS Feed
Search Blog
Recent Blogs
Tamarron Katy Texas -
2017 Homestead Exemption - If you closed a home in Texas in
Harris County Updated Flood Maps - Real Estate Update for all Harris
File Your Homestead Exemption NOW - Did you buy a new home in 2015?
Our Bloggers
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.
Español
Francais
Deutsch
Italiano
Portugues 
Chinese 
Russian 