Rising Interest Rates and the Effect on Real Estate

The Federal Reserve raised its benchmark interest rate a quarter of a point this week- just the fifth time during the recovery period of our nation’s most recent financial crisis. So what does that mean for home buyers and sellers? The short answer is, take advantage of the market as soon as possible. We could be in for a period of fluctuations. The Fed predicts interest rates will climb three more times in 2018. These predictions are fueled by economic growth and low unemployment. Last Friday [...]