Federal Reserve May Hold Off on Planned Interest Rate Increases
Although the Federal Reserve had previously indicated that it planned incremental rate increases throughout 2019, Federal Reserve Chairman Jerome Powell recently implied that the Fed would hold off on raising interest rates in the near future due to changing economic conditions in the US. If the Federal Reserve does not increase rates, analysts expect that home mortgage interest rates will remain low in the near future, which may help stimulate home sales. Average home mortgage interest rates have decreased since December, leading to an increase in mortgage loan applications across the country.
Buying or refinancing a home loan in mtro Atlanta? Contact Peachtree Mortgage Services, Inc. at 770.481.0052.