Doreen Boggs Real Estate Blog: Servicing Stafford, Spotsylvania and Prince William Counties

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Houses for Sale Stafford, VA


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What the Fed rate hike means for those looking to buy a house in Stafford, Fredericksburg …

Yes, interest rates are still low but are slowly expected to start climbing in 2016 which makes now a great time to buy a home in Stafford, Fredericksburg, Northern VA and the surround area.  

If you looking to upgrade to a larger home or downsize to a smaller house or maybe you have orders to Quantico, orders to Fort Belvoir, or another base in Northern VA and are in the market for a home, you don’t need to rush and get it done tomorrow, but now is a good time to start making some decisions and calling a Realtor.  

“The Fed slashed interest rates to zero in December 2008 to stimulate the economy and boost the housing market during the depths of the Great Recession.

The central bank now believes the U.S. economy is strong now and no longer needs crutches.

Still, it won’t be a game changer overnight. Rates are expected to go up at a slow, gradual pace.”

For more details on what the rate hikes means for you, click on one of the links below.

CNBC Article: FED RAISES RATES BY 25 BASIS POINTS, FIRST SINCE 2006

CNN Article: What a Fed rate hike means for you.

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Wondering how the housing market is around the nation?

According to Freddie Mac’s recently released Multi-Indicator Market Index (MiMi), the U.S. housing market continued to slowly stabilize with three additional metro areas entering their outer range of stable housing activity; including the Washington, DC area.

For more details on the MiMi report, click here.