Boomer
12-16-2015, 01:34 PM
Today, at 2:00 PM, the Fed will announce whether the interest rate is going up. Janet Yellen is slated for a press conference at 2:30.
I think they will do it this time. There certainly has been enough foreshadowing in the news lately. Words like gradual with an avoidance of words like hike. So if this is it, it should not be by much.
I am not an economist, nor am I any kind of financial adviser. I am a mere bumpkin who has owned 9 houses and can remember the days of being thrilled to have found a 10% rate after having spent hours on the phone calling bank after bank and talking about stuff like points, too.
It seems to me that raising the rate slightly should help the real estate market in TV. A rising rate can create a sense of urgency to buy. Also, in many northern areas, inventories are low so homes could sell more quickly there, too.
This post is nothing more than the musings of a woman who is typing because she does not want to work on stuff she should be working on......
So anyway, will a slightly rising interest rate create a sellers' market in TV? What other effects might it have on us retiree types?
I think they will do it this time. There certainly has been enough foreshadowing in the news lately. Words like gradual with an avoidance of words like hike. So if this is it, it should not be by much.
I am not an economist, nor am I any kind of financial adviser. I am a mere bumpkin who has owned 9 houses and can remember the days of being thrilled to have found a 10% rate after having spent hours on the phone calling bank after bank and talking about stuff like points, too.
It seems to me that raising the rate slightly should help the real estate market in TV. A rising rate can create a sense of urgency to buy. Also, in many northern areas, inventories are low so homes could sell more quickly there, too.
This post is nothing more than the musings of a woman who is typing because she does not want to work on stuff she should be working on......
So anyway, will a slightly rising interest rate create a sellers' market in TV? What other effects might it have on us retiree types?