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Fed Raises Rates Again and Signals More to Come [INFOGRAPHIC]

October 4, 2018

Mortgage Rates Follow Suit

The combination of rising rates, a strong economy, job growth, and a tapering off in home prices creates the perfect recipe for buyers to take action now.

 

 

"As long as there is job growth, rising mortgage rates will hinder some buyers; but job creation means second or third incomes being added to households which gives consumers the financial confidence to go out and make a home purchase."

 

— Lawrence Yun, NAR chief economist

 

 

 

 

 

Sources:

[1] Federal Reserve, Open Market Operations, September 2018.
[2] Freddie Mac, September 2018.
[3] The Conference Board, Consumer Confidence Survey®, September 2018.
[4] Bureau of Labor Statistics, Employment Situation report, August 2018.
[5] CoreLogic, a data and analytics company, Home Price Insights report, August 2018.
[6] National Association of Realtors® (NAR), Existing-Home Sales, August 2018.
[7] U.S. Census Bureau, Monthly New Residential Sales, August 2018.
[8] U.S. Census Bureau, Monthly New Residential Construction, August 2018.

 

 

 

 

 

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