What does last week's fed rate hike mean for the housing market? As you know, the Fed approved a three-quarter point increase to try to curb inflation. Inflation is at a 41-year high. This year alone, we've had four rate increases, and more are expected. And now the mortgage rate doesn't necessarily follow the fed rate to three-quarters of a point, but it certainly has to do with inflation. So mortgage rates will continue to increase because they're trying to slow down inflation.

Remember my motto:

“You date the interest rate, but you marry the house. ”

It's a great time to be buying. So don't let this interest rate hike stop you from gaining equity and getting into your dream home. If you have questions, let's sit down and talk. It's a great time to buy; it's a great time to sell.

Bottom Line

If you want to be connected with a lender to help figure out some options, I'd love to do that with you, too. Talk to you next week.