Interest Rates and the Market are HEATING UP
“The Federal Reserve announced a quarter-point increase in interest rates as expected Wednesday, the first rate move under its new chairman, Jerome Powell. The key fed funds rate was moved up to a target range of 1.5 percent to 1.75 percent.
In its statement, the Fed said the labor market “has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low.”
In February, 313,000 jobs were added to the economy — the biggest increase in 1 1/2 years — and the unemployment rate held steady at 4.1 percent.
Economists are wondering whether faster economic growth might cause the Fed to pick up the pace of its rate hikes. The Fed has signaled three rate increases for 2018, but accelerated growth could cause policymakers to add an additional hike.”
Have you been contemplating a move? NOW is the time to take advantage of interest rates that are still near historic lows. The market is heating up as buyers move to buy and sellers move to sell against the backdrop of rising rates. Call me and let’s get started on chasing your Real Estate dream.
~ Aloha ~ Candice