Fed Raises Rates

Posted on: July 28, 2006 Posted by: Real Estate We Blog Comments: 0

Fed Raises Rates

The Fed Chairman raised the interest rate yesterday 1/4 point and the discount rates as well.  This means you will see higher interest rates when you take out a loan to buy any property.  However, there is good news.  The Fed Chairman hinted that while further rate increases may be imminent, they may not come as early as the next meeting as expected.  And, while 1/4 point is significant, many analysts expected 1/2 point.So, while there is some bad news, most of it is good in comparison to what could have happened.

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Posted on Friday, June 30th, 2006. Filed under: Real Estate Misc

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