Thought I would share this cool chart that shows interest rates since 1984. Even though rates have been creeping up lately, we are still close to historical lows relatively speaking.
More interest rate info –
The Fed sets interest rates (discount rate) and is the focus of this article in USA Today that explains the stock market run up.
From the article –
“Investors’ positive vibes spring from the Fed’s Wednesday afternoon statement that it could raise near-zero short-term interest rates, but in a matter of months and amid an accelerating economy. In its final policy statement of the year, the Fed said that it “can be patient in beginning to normalize the stance of monetary policy.””
Interesting and definitely has an impact on anyone considering buying real estate in Austin.
Give us a call if you want to discuss how this affects your plans to buy.