July 29, 2016 Posted by Matt

Good interest rate news for those considering buying a home in the near future.  The Federal Reserve kept its key interest rate unchanged this past week.  However, due to the labor market beating expectations, The Fed left the door open to increase rates in September.

However, if employment remains week during July and August, there’s a good chance The Fed will not change rates this fall.

When you are ready to purchase a home, keep in mind interest rates will have a big impact on how much you can afford.  The lower the rate the more you can afford.

Bottom Line:

Rates are expected to remain stable between now and September so it’s a great time to purchase a new or second home!

About Matt Klinowski
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