Tag Archives: Rates on the rise!

Rates on the rise!

If anyone is thinking of buying property this year, they should consider doing it sooner rather than later. The Fed is beginning to take the foot off the bond pedal by buying fewer and fewer mortgage bonds, allowing for mortgage rates to rise. They started in December when they reduced their purchases from $85 billion to $75 billion in mortgage and treasury bonds per month,” he writes, “and they’re telling us that they are going to continue to ‘taper’ their purchases every six weeks until they are buying $0 in bonds. What does this mean to a consumer? You will …

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