Realtor Michael Mahoney in Boston with eXp Realty
Michael Mahoney
617-615-9435617-615-9435

Fed Puts Brakes on Rate Increases

 

The Federal Reserve voted to leave interest rates unchanged Wednesday and signaled that it’s not in any hurry to resume raising rates in 2019. Fed Chairman Jerome Powell used words like “patient” to describe the Fed’s latest approach to increases. His change in tone follows four rate hikes last year. The Fed’s benchmark rate is not directly tied to mortgage rates but does often influence them.

“Home buyers are very sensitive to changing interest rates and will likely respond positively if mortgage rates remain below 5 percent,” says Sam Khater, Freddie Mac’s chief economist.

Full Article Here

 

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Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

Fun with Ukulele at Lower Mills Branch of Boston Public Library

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• What we'll do Watch this video of what we will be doing: https://youtu.be/m5BUJpxGrSY And check out our line-up: http://www.anneku.com/songbooks/valentines_ukulele_2019.pdf Please remind us to take an exciting group photo to use for the next...

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Best Things to do in New England

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Each month we come together to share baked goods from different cookbooks. Check out a copy of the cookbook from the library, choose a recipe to make and then bring your baked goods to the club for sharing. Copies of the cookbook will be...

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