Are mortgage interest rates going up?

The Federal Reserve Board meets March 14th to review the state of the economy and analyze the Federal debt.  The T-bill has gone up to 2.51%.  It is predictable that the bank rates will rise which in turn increases the mortgage rates.  The real estate market has been on a slow upswing but now with the new administration policy changes, the market has become shakey.  In 1990, the mortage rates came down from the two digit rates to 9.5% after over 10 years of double digit rates, whereas currently the rates are a low 4.25% which to the baby boomers is fantastic.

Great thing about residential housing is “Everyone needs a place to live.”  Now the decision is rent or buy, yet someone still has to own the property.  Real estate will always be a good investment for someone.

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