Boston Realtor Mike Mahoney
Michael Mahoney
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Posts Tagged ‘jerome powell’

Fed Puts Brakes on Rate Increases

February 1st, 2019 by Michael Mahoney

 

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

 

Fed Reserve Bank will be slow with increasing the interest rate – good for the 2019 home buyer. 

January 15th, 2019 by Michael Mahoney

The Fed Reserve Bank will be slow with increasing the interest rate. This is good for the 2019 home buyer.

“At a December news conference, Fed Chairman Jerome H. Powell said the economy remained strong, and the Fed expected to continue to raise rates in 2019. But upset investors had driven down asset prices and prompted a market slump. The Fed has since lightened its tone and has emphasized that it’s taking note of investors’ concerns.”

Here is the full article on Realtor Magazine

 

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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)

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