Rates are on the rise... Again
On Wednesday, February 14th, the Federal Reserve said that it expects faster growth and lower unemployment next year as the economy strengthens. Because of this, Congress is likely to enact sweeping tax cuts for businesses and most families.
Given how healthy the economy looks, the Central Bank has lifted its benchmark interest rate a quarter point to a range of 1.25 percent to 1.5 percent.
So what does this mean for you?
Interest rates are rising. This affects EVERYTHING that has interest – your interest rates on credit cards, loans and homes! The higher the rates go, the less you will be able to afford when buying a home. The goal is to get MORE with your money… not less.
Learning how to invest your hard earned money in real estate is very important. People who have credit debit, student loans and maybe not enough income think that home ownership is out of reach. But all of these things have answers if you speak with the right people.
I know the right people to get these answers and I want to put you in contact with them. But you must first make the conscious decision that you want to take control of your finances and your living situation. Mark your calendar for Saturday, April 7, 2018 for our next Home Buying Seminar and invite a friend!
Look out for an additional post concerning CREDIT and how to improve it. In the meantime, let me know your thoughts on this information. What questions do you have? Make sure to leave a comment below!