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Best Brevard FL Real Estate Scoops
Ahoy there, it's Agi Anderson, Your Brevard FL Realtor and the proud owner of BrevardFLRealtor.com There are so many facets to being a realtor and resident on the Brevard FL Space Coast, that’s why I provide 10 different topics at BestBlogScoops.com … You can follow one or follow them all. I scour the web scooping up the BEST blog posts with real estate, healthy living, boomers downsizing, life on the Space Cast, Home Decor and more! Questions? You can call, text or email me using my online Biz Card card at … ContactAgiNow.com.com Curated by Best Blog Scoops |
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Expect relatively quick drops in rates for home-equity loans, credit card rates and, alas, many savings accounts
The Federal Reserve met to set the stage for the rest of the year and make one of the most significant actions of Fed Chairman Powell’s one-and-a-half year long tenure. The meeting’s outcome is a quarter-percentage-point interest rate cut, the fifth time since the late 1980s.
Despite unemployment still sitting at a half century low, mild inflation, and the economy growing at a solid rate, this week’s cut is considered a highly unusual decision by many economists which normally would not call for extra stimulus.
Powell and his colleagues at the central bank assured that the decision is not motivated by presidential pressures, but the sole focus on keeping the economy growing. They also stated that it’s better to cut now to prevent a recession than to have to wait until a downturn begins.
Use my digital business card to call, text or email me at ContactAgiNow.com for a list of homes to buy. Hurry up and buy your home soon, before rates go up again!
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Much of the commentary surrounding the Federal Reserve’s decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to have a negative effect on home affordability.
There will be an effect on consumer psychology: having now seen the Fed raise rates in 2017, and with two more rate increases considered very likely, potential homebuyers will get off the fence and into the market, in order to buy a house before rates go any higher.
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The remaking of U.S. politics is likely to upend the nation’s mortgage market; interest rates and regulation are the reasons why.
“The ultimate problem is the impact of rising rates on home values,” said Stu Feldstein, president at SMR Research Corp., a mortgage-research firm. “We’re back into a bubble condition in part because of low rates that have enabled people to buy houses much more expensive than their incomes could afford.”