Why Interest Rates Keep Rising and How It Affects Buyers
As you hear about interest rates rising, you might find yourself weary of buying a home. The Federal Reserve will periodically raise interest rates in an effort to stabilize prices and cool down the economy in the hopes of slowing inflation. These short-term interest rate hikes can have ripple effects on the economy. When the Fed raises interest rates, this impacts borrowing, particularly with higher loan amounts. However, homebuyers can still find great homes for sale in Kissimmee, FL, and work with a real estate broker to select a mortgage that works best for their finances.
What Is Causing Interest Rates to Rise?
You might be wondering what causes interest rates to rise. Various…
16 Views, 0 Comments