Are Interest Rates Heating Up For 2017?
Posted by Mike and Erica Carr on
Best Article I Have Seen On Rates Changes For 2017
One of our preferred mortgage brokers just sent me his newsletter that dives into the question of whether interest rates will rise in 2017. It’s so full of interest rate chatter about Feds, Reserves, Trump, blah,blah...…If you are thinking of buying this year read on.
What if everyone thought we were going to see increasingly higher mortgage rates, and we did not? If you will recallt this is exactly what happened 13 months ago when the Federal Reserve Open Market Committee raised overnight Fed Funds in December of 2016, after which long term rates dropped and stayed low for the next ten months. Can an argument be made for the same thing happening in 2017? Perhaps.
After the presidential…
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