Will rising interest rates affect you in 2017?
All signs point to a fairly strong start for real estate and the broader economy in 2017. Most experts agree the Fed will continue to raise interest rates throughout the year on the heels of what is largely perceived as pro-business federal leadership. Talks about infrastructure spending and deregulation will likely stimulate hiring, which will further factor into the Fed’s decision to keep interest rates on a steady rise.
Meanwhile, any good realtor can tell you consumers can be the last to know about the impact of larger market forces on their future mortgage until they’re actually ready to make a move. Why not look ahead to see how rising interest rates might affect you throughout 2017?
If you know you need to buy or are even thinking about it, the difference between acting now and acting later could be a difference of thousands of dollars a year before you know it.
We’ve provided a handy cheat sheet to let you know how you might be impacted.
