The Fed is going to keep the interest rate near 0, for the near future- possibly several years

Dated: September 21 2020

Views: 60

How does this affect real estate?  The interest rate for mortgages is closely tied to the Fed Rate; it sure sounds like rates for mortgages are going to tick up in November, but I don't see that it will be any significant jump.  That means that your homebuying power will remain much the same, for  the near future. 

Here's a great article on this from the Florida Realtors Association.

https://www.floridarealtors.org/news-media/news-articles/2020/09/feds-near-zero-rates-may-last-years

Blog author image

Chuck Gollop

Licensed Realtor, Stand-up Comedian, and Retired Police Sergeant. I took my 25 years of law enforcement experience, threw in my experience as a stand-up comic and college teacher, and used those ideal....

Latest Blog Posts

Homeowner Associations (aka: HOAs) - The good, the bad, and the fine print

Purchasing a home with an HOA has special considerations; engage an experienced Realtor to help.With historically low home inventory and single family homes in high-demand, many first time home

Read More

Why is the information on Zillow so confusing? Is it accurate or is it old?

Reasons your confusion is real, and why enlisting the help of a realtor will help you achieve clarity.Zillow. Realtor.com. Trulia. We’ve all heard of them, seen their Super Bowl and SNL

Read More

I just had my future home inspected; what do all of these issues mean, do they have to be fixed, and what else might be lurking?

Demystifying the home inspection for anxious buyersHome inspectionsThere was a time, not that long ago, where I would NEVER advise a buyer to forego a home inspection.  If you have read my blog

Read More

The 5 Most Common Complaints from Home Sellers who Used Discount Brokerages

And why choosing to work with a full-service Realtor can mitigate a painful selling experienceDiscount brokerages: you’ve seen them. They lure home sellers with shouts ofWe sell for less!Sell

Read More