The Fed Rate is on the Rise. Is Your Mortgage?


December 18, 2015

First, it’s important to know that the  Fed Target Rate  is less directly connected to mortgage rates. It also seems like this hike had been anticipated and mortgage rates have had time to prepare. In fact, as the Fed announced the target rate went up, mortgage rates actually moved slightly lower. This is good news, and most lenders still quote 4.0-4.125% on top tier conventional 30-year fixed scenarios.    

 

 

We’re still waiting to see if the market contracts or not in reaction. The sense is that the Fed is still looking for more data before there is any dramatic change to policy. The overall recommendation seems to be that if you’re currently floating on your loan, you’ve still got some time to keep doing it while things get settled. However, you should speak to your lender about your specific circumstance to be sure.

 

  If you’re thinking about buying, now is a good time to start the process. Oxford can help you find a home and in many cases, connect you with lenders who will help you make the best choices for your specific scenario. It’s important to  have the right team on your side .  

 

Today, the announcement was met with a yawn, but you need to know you’re in good hands if it changes to a roar.      

 

   


 
Search Blog

About The Author

At Oxford, we realized that we could empower our agents by providing them the best resources and access to everything they need to do business quickly and efficiently without having to worry about massive company overhead. As a result, we were able to draw in over 600 of the top agents in New York.

Recent Posts

Latest Updates

AM New York    Adam Mahfouda    Affordable Housing    Agents    Agents at Oxford    Best time to rent    Brooklyn    Buy    Buying    Cleaning    Clell Tickle    Co-ops & Condos    Commercial    Commerical    Contractors    Development    Essy Awards    Expansion    FED rates    First-time    Forbes    Forbes Real Estate Council    Industrial Real Estate    Interest Rates    Investing    Investments    L train    Leasing    Long Island City    MTA    Manhattan    Mansion Tax    Marcus Magarian    Market    Market Prices    Market Trends    Marketing    Media    Merger    Mortgage rates    Moving    NYC    NYCstore    New York    OPGNY    Oxford Property Group    Photos    Price Increase    Price Per Square Foot    Real Estate    Real Estate Agents    Real estate    Real estate agent    Rent    Rent Laws    Rent Stabilization    Rentals    Renting    Sales    Security deposit free    Sell    Silos    Subway    Tax Abatements    Teams    Technology    Trainings    Trends    Volunteering    adammahfouda    biggerstore    classAoffice    clelltickle    commercial real estate    commuting    condo    development    expandtonyc    fashionstore    furniturestore    interest rates    leases    lending    locationlocationlocation    luxury real estate    luxuryretail    luxuryretailspace    manhattanretail    mortgage rates    new york apartment    newyorkretail    nolitaretail    placeofwork    priceinflation    primelocation    real estate development    realestate    realestatetaxes    rent or buy calculator    renters advice    residential    retail    sohoretail    store    taxes    trophy property