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What Raised Interest Rates Mean for You
Manage episode 154619239 series 1128646
محتوای ارائه شده توسط Brad Saarela. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Brad Saarela یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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On December 15th, the benchmark interest rate went from a range of 0-0.25% to 0.25 to 0.5%. In the last two years, the big price changes have already happened, it’s already built in. Today, we can say rates haven’t changed.
What impact has it had on the markets? As of December 17th, the stock market went up in the U.S. The rest of the world experiences this, too, because we’re coming out of a recession. The biggest economy in the world is showing confidence with unemployment at 5% and low inflation.
What does this mean for you, the consumer? Rates will go up, but only slowly. Don’t panic because it’s not urgent to refinance your loan or buy a home within the next sixty days. However, this would be a good year to do it. With a recovering economy, you can earn top dollar for your home and get a superb interest rate on your next one.
If you’re thinking about buying or selling a home, please reach out to us! We’d be happy to serve you in 2016.
*Due to fluctuating market conditions, information is subject to change
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