Even though Fed has raised its interest rate 0.25 point, it has no impact on the mortgage rate as the mortgage is followed by 10-year treasury bond yield. The trend of interest rate is heading higher 2016 but will impace if you are borrowing for car loans or line of equities loan. Call me 315-278-7860 if you want to know more about the real estate market.
Recent interest rate hike
- December 18, 2015