FEDS LIKELY TO SIGNAL A MARCH INTEREST RATE HIKE!
Today, 1.26.22, the Federal Reserve and Central Bank are expected to issue a statement expressing that they are committed to fight against inflation.
With a nasty stock market correction and global-political tensions rising, the Feds are in a tough spot to help the economy after more than two years of low-interest rates and easy policies established to try and counter the impact of the pandemic.
PSA TO HOMEBUYERS
If you were qualified for a home in the last few months, I highly encourage you to reach out to your realtor and lender to get a new set of numbers.
Even a slight rise in rates can significantly impact your purchasing power.
Earlier this week one of our buyers who was previously qualified up to $870k was disappointed to learn that with this week’s rates near 3.5%, his purchasing power was reduced to $800k.
Please share this with someone you know who is trying to time the market!
#interestrates #fedreserve #centralbank #estateofgrace #krysbenyamein #stockmarket #marketcorrection