Interest Rates to Remain Low Until 2023
If you’ve been paying attention, interest rates have been historically low this year. In a statement to the press mid-month, Federal Reserve Chair Jerome Powell announced that the Fed would most likely not raise interest rates until at least 2023.
This decision was made to help the economy recover as we continue working through the many challenges the pandemic has brought about.
This is great news for home buyers, especially if you’ve found that working from home and distance learning just aren’t comfortable in your current situation. Let us help you find something that works better for you and your family, whatever that may be.
Curious what this means for you? Let’s chat.