RATES, everybody is talking about them right now. Over the past year there has been plenty of action affecting rates. Though, in the end, they have remained in a relatively constant position with minimal movement up, or down. During the last year there's been a lot of buzz regarding the FED and whether they were going to raise their rates, or not. They(the FED) have been keeping a close eye on the economy to help make that decision. Currently, they are not seeing enough to cause them to make a move. One of the things they are watching is the Labor Force Participation Rate, which is the percentage of the population who have jobs. This includes all people older than 15, who are non-military, and reporting an income. Keep in mind the unemployment rate only accounts for the people who are LOOKING for jobs and can't find them. However, it doesn't include those who are NOT looking. Current numbers show that only 62.4% of Americans over 15 are working, which is the lowest it's been since 1977. This indicates to the FED that the economy is not strong enough to employ a large part of the population. This affects consumer spending, which is a major driver of the economy. If there isn't enough spending driving the economy faster, then growth will remain slow and steady. Slow growth=low inflation, which means the FED will NOT be raising their rates any time soon. Upward pressure on rates is not expected until Spring of 2016, which is great for buyers currently in the market! However, if you plan on waiting to buy, you may want to rethink that because it's likely to cost you a lot of money. Rates may not be moving up right now BUT home prices are. Get moving now and save yourself money on both fronts; rising home values and rate increases in the near future.
CALL ME NOW so I can help you WIN in this market!
Author:Monica Johnson Phone: 469-233-2269 Dated: October 15th 2015 Views: 264 About Monica: Monica has an Associate's Degree in Business and was a Paralegal in the legal industry from 1992 to ...
About BRIAN WEAST REAL ESTATE GROUP, KELLER WILLIAMS
Welcome to the Brian Weast Real Estate Group, Keller Williams Realty!
You have found the right real estate team to assist you with all your real estate needs. Our knowledge of the market and attention to detail enables us to offer unparalleled customer service. Whether Selling, Buying or Investing, we will take care of you and guide you through the real estate process.
Brian Weast Real Estate Group utilizes the latest technologies, market research and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions tailored for you.
Thanks for starting your real estate search with us! This website is full of useful information for you whether buying or selling.
After you have reviewed this information, contact me to find out more about how we can help.
You Get One Shot at a Good First ImpressionDo you believe in love at f
"Long before we put our home on the market, the Brian Weast Real Estate Group was a valuable resource. We had questions about repairs, the strength of the market, pricing and timing. They were always patient and addressed every concern with excellent advice. Once we were ready to list, there was no question who we would turn to. This team is truly like a well oiled machine. We were under contract within 3 hours of being on the market!"