Interest rates ok now, but prepare yourself...
By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
In an article puiblished on FloridaRealtors.org, the Federal Reserve provided an upbeat view of the labor market and economy Wednesday and said risks are holding the door open for a September interest rate hike!Markets say there's just an 18 percent chance of a September rate increase.The Fed is also painting a generally positive portrait of the U.S. economy. Although, if you watch the news these days, many Americans would disagree with the Fed.The article went on to cite Fed Chair Janet Yellen saying that policymakers needed assurances that the economy and labor market were back on track before lifting interest rates again. How does this affect you?If you are a home or condo buyer and you've been waiting for prices to go down, you've missed the boat. This has the potential to not onl...
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