If you are looking at homes for sale, the big news is that the Federal Reserve ended its program of buying mortgage backed securities, which was an effort to keep mortgage rates low. What does this mean if you are looking to buy a home in North Augusta, Aiken or Augusta? As usual, the experts have differing opinions. Some expect rates to go higher, some expect little impact and some think that it will only make the rates more volatile (i.e. higher one day and lower the next.) However, I don’t think I have seen anyone projecting lower rates.
For some general advice about what to expect and what actions you might consider, read this link from Mortgage News Daily.
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The News about Interest Rates
If you are looking at homes for sale, the big news is that the Federal Reserve ended its program of buying mortgage backed securities, which was an effort to keep mortgage rates low. What does this mean if you are looking to buy a home in North Augusta, Aiken or Augusta? As usual, the experts have differing opinions. Some expect rates to go higher, some expect little impact and some think that it will only make the rates more volatile (i.e. higher one day and lower the next.) However, I don’t think I have seen anyone projecting lower rates.
For some general advice about what to expect and what actions you might consider, read this link from Mortgage News Daily.