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

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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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