Rates won't be rising... At least for now!
The FED, otherwise known as the Federal Reserve, the United States' central banking system, decided yesterday, in the long awaited decision to hold off on raising interest rates. Well at least for right now.
With the FED being responsible to look at maximum employment, price stability and moderating long term interest rates to maintain the stability of our financial system, the decision was based on a number of indicators and included:
For months we have been talking about it and were wondering what the crystal ball would show when the September deadline for decision rolled around. With an unstable global economy being a factor, we won't see rates rise immediately, however it is likely we will see an increase before year end, according to reports.
“Recent global economic and financial developments may restrain economic activity somewhat,” the Fed’s committee said in a statement.Although they didn’t raise rates now, the majority of Fed committee members believe there will be a rate hike in 2015, according to its economic projections.
With the FED committee meeting again in October and December, we may see changes in the future. As always, The Radcliffe Group will keep you up to date on the latest news affecting the local Real Estate economy in the greater Las Vegas, Summerlin, Centennial Hills, Skye Canyon and North Las Vegas areas.
With current interest rates at about 4% on a 30 year fixed mortgage and 3.35% on a 15 year mortgage, not is a great time to get into the real estate market as a first time home buyer or move up or down buyer. Borrowing money with rates this low, is like getting free money.
Out of more
than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of
Realtors as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the
top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and
ranks consistently as one of the top real estate teams at Keller Williams
Realty Southwest Las Vegas because he is all about customer service and
utilizing the best resources in the real estate business. The Radcliffe Group
is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.
As a retired
police officer, Dave is passionate about giving back to the service community
and dedicates much of his time giving and supporting the Las Vegas Metro Police Department,
Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never
pay a full commission when they work with the Radcliffe Group. The
Radcliffe Group can assist
you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo
and Luxury Home purchase. Specializing in helping Las Vegas and North
Las Vegas homeowners sell their home for the highest
market value, Dave and
his team will help you yield your highest profit. Call 702-379-3401 when it is
time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.
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Written by Nickel Lowman
Content Quoted From: FederalReserve.gov, Fox13now.com, BankRate.com
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
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