Interest Rates to Increase!- Breaking News!

BIG ANNOUNCEMENT TODAY!

The New York Times is reporting "The Federal Reserve (FED) decided to raise short-term interest rates for the first time since the financial crisis. Officials said the economy was strong enough to keep growing with a little less help from the central bank. The Fed is likely to raise rates slowly, but borrowing costs already have started to climb. The returns on some investments, like savings accounts, also are likely to increase."

With short term rates being at historic lows for the past 7 years, at near zero, rates will be raised a quarter of one point, to .25-.5%. This will impact home buyers as mortgage rates increase. With rates sill in the 4-5% range, Mortgage rates are still very low, especially when compared to interest rates of the early 1980's, when mortgage rates were at 17-18%.

Affordability decreases when interest rates go up, as home-buyers have less buying power for their money. But when you compare rates over time, we are still in a really great position and its a great time for home buyers to enter the market and or move up into more luxurious homes. For months the FED has been discussing rate increases and finally took action today. In Dave's recent crystal ball report, he predicts that at this time next year with the increase we will be at 4.6% interest rates. Because it's a great seller's market (here in Las Vegas) with less than a 3 month supply of available homes, and home values have been increasing, this will also affect home buyers and overall affordability. The FED also said subsequent increases will happen gradually.


Allow The Radcliffe Group to help you get into a new or resale home here in Las Vegas. They can help you secure the best interest rates available by connecting you to their preferred lenders.

The Radcliffe Group

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

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com