Interest Rate Hikes

Updated: May 5

Photo Courtesy of fotopoly.

Please see below links from several “real time” extremely clear articles which provide specifics for massive interest rate hikes over this year and 2023. These are a must read to best understand how these increases will directly affect the value of your property and why, if you do not plan on holding your property long-term, it is advisable for you to evaluate your options and your property’s value at this time.

COSTAR Insight: Fed Follows Through with Biggest Rate Increase Since May 2000

USA Today: Powell Says Fed is Prepared to Hike Interest Rates

Reuters: Goldman See Fed Hiking Rates by 50 BPS at May, June Meetings

CNN Business: Fed Chairman Powell: A Half-Percentage Point Interest Rate Hike is ‘On the Table’ for May