2017 Real Estate Mortgage Rate Outlook

2017 Real Estate Mortgage Rate Outlook

Just this week the Federal Reserve Board raised short-term interest rates by a quarter of a percent. both the mortgage market and the stock market had anticipated this rate increase so there wasn't any dramatic reaction to it. What was unusual this week was the fact that the Federal Reserve Board announced that it was going to raise short-term interest rates at least three more times in 2017. 

Actually the interest rates which have been kept artificially low have been increasing prior to the election and anytime the economy shows strength, usually interest rates start to move up and this is definitely a damper on real estate activity. But, it’s really a double-edged sword because an improving economy and more job creation, increases housing demand.


La Jolla real estate

2017 Real Estate Mortgage Rate Outlook