I get asked this all the time. Each market is truly different; my team works Minnesota, Wisconsin, and Florida, and each of them have their own culture, laws, and most important: Market
The Fed is going to keep the interest rate near 0, for the near future- possibly several years
Dated: September 21 2020
Views: 42
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
Chuck Gollop
Licensed Realtor, Stand-up Comedian, Retired Police Sergeant, and Licensed Realtor at Homes for Heroes®. I took my 25 years of law enforcement experience, threw in my experience as a stand-up comic ....
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