FED FUNDS DECISION CLARIFIES LADERA RANCH MORTGAGE

INTEREST RATES

The Federal Reserve Board’s announcement regarding the federal funds rate was given major importance by the media recently, in spite of the fact that it’s only one piece of the nation’s financial conundrum.

The low monthly payments that were a result have been

enjoyed by numerous homeowners in Ladera Ranch for a number of years now. As

a result, sellers in Ladera Ranch also reaped the benefits

of those low rates because they made their homes more inexpensive by comparison.

Even the real-time data that was streaming at the same

time, like how the stock market was up, oil down, China

remaining large and mystifying, and even optimistic statements about how higher interest rates

wouldn’t really hurt the economy, couldn’t quell some

people’s fears about a rate hike, and especially about how much it would affect the nation’s real

estate markets.

The spokespersons for the Federal Reserve said that, since housing had been improving somewhat and the economy and been expanding at a reasonable pace, they would simply continue to monitor global financial conditions rather than raising the interest rate.

There was no immediate reaction from the stock

markets, but a mixed closing followed later in the day. And, mortgage rates actually dropped a

bit the following day.

This announcement gave Orange County consumers

and would-be homeowners good reason

to think that the local mortgage interest rates

could remain low at least for some time to come. In fact, they usually do when the Fed rate stays pretty

close to zero.

But for now, in case you’ve been thinking about taking advantage of the current low mortgage interest rates and buying or selling in Ladera Ranch, call me. I can help you with either one while the buying climate is hot and mortgage interest rates are not.

Amy Sims, REALTOR®

Phone: 949-559-5959

Email: amysimsteam@gmail.com

Address: 28051 Greenfield Drive, Suite A, Laguna Niguel, CA

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