Interest Rates Left Unchanged And What It Means To You

Interest Rates Left Unchanged And What It Means To You

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Why should you care about the impending increase in interest rates? As a consumer, you pay interest on the money you borrow. Interest rates effect everything from your credit cards and auto payment to your monthly mortgage.  “In the face of jittery financial markets and a global slowdown, the fed blinked and held its key federal funds rate unchanged. September was supposed to be the month the U.S central bank finally came off its zero interest rate policy, but instead it opted to hold steady for at least one more month” according to CNBC.com

 What does this mean for you as a buyer?  This is GREAT news!!  You have the opportunity to purchase while interest rates are still at an all time low. While interest rates are not increasing yet, they are projected to hike before year end. The higher the interest rate, the more expensive it is for you to purchase. Right now there are several government programs that have down payment assistance, you can put as low as 3.5% down and several other options to choose from at a low interest rate. 


Questions? Please feel free to reach out to us, we would love the opportunity to walk you through the steps of home ownership!



  CLICK HERE to start your home search!! 




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Phone: 972-832-2755
Dated: September 30th 2015
Views: 1,325
About Nicole: Nicole is a leading Short sale expert in the Dallas Fort Worth market. Before Nicole did short sale...

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