Hello, and welcome to another WIN Home Inspection video blog!
The U.S. Federal Reserve recently announced interest rates won't be rising and will instead remain between 0 to 2.5 percent.
For new and current homeowners, the Fed's decision means mortgage rates will remain low. This is good news for those living in expensive housing markets.
Higher rates aren't necessarily bad, but this depends on what market you live in. This is because home values aren't nearly as high in every market. Even so, homeowners across the country should prepare for an increase in the interest rate sometime in the future, as many expect it will eventually increase.
Thank you for watching and be sure to always stay up to date on potential interest rate hikes.