On Wednesday, March 18, the Fed’s Open Market Committee (FOMC) released more hints that the central bank may be considering raising interest rates.
The Fed hints that interest rates may be on the rise.
Buyers have been lulled into a false sense of security that the historically low rates will be there whenever they get ready to finance their next home purchase. Well, with the change in rhetoric that took place in last week’s FOMC meeting, home buyers may be motivated to buy sooner rather than later.
The surprise came when they dropped the line “an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting.” In the past, it was simply stated that “rate increases remain unlikely”. The identification of the 30 day period is thought by many experts to be a hint that interest rates may be on the rise in the near future.
As a result, prospective home buyers may want act now to take advantage of the low interest rates through April.
The Matheson Team is a group of experienced Scottsdale realtors specializing in the community of DC Ranch. Contact us today to start your search for DC Ranch homes for sale.
Don Matheson
Realtor | Founder
The Matheson Team – RE/MAX Fine Properties
21000 N. Pima Rd., #100, Scottsdale, AZ 85255
480-360-0281
don@scottsdalerealestate.com
