Vero Beach mortgage rates continue to be in the news. With the recent rise in interest rates by the Federal Reserve, and the likelihood of additional increases on the horizon, the obvious question remains, “Is it still a good time to purchase a home?” Let’s look at what’s transpired in recent months since the presidential election in November. The average […]

The Vero Beach mortgage outlook is expected to include higher interest rates for 2017. The Federal Reserve’s recent short-term interest rate hike was both highly anticipated and expectedly minimal. And, while the fed funds interest rate has little direct correlation to longer-term mortgage interest rates, there has been – and may continue to be – a slight upward movement in rates […]

Economists and mortgage lenders are still keeping a watchful eye on Vero Beach interest rates. Federal Reserve chair Janet Yellen recently told the House financial services committee that no immediate decision has been made to raise interest rates. However, she said a December rate hike was still a “live possibility.” Will Vero Beach Interest Rates Rise in December? Anticipation and speculation […]

Vero Beach mortgage rates could still be on the uptick despite conflicting economic indicators. Vero Beach Federal Reserve President Dennis Lockhart, a highly-respected voting member on the Fed’s monetary policy committee, said there is "more downside risk" to the U.S. economy as a result of an international slowdown and stagnation in addition to the nation’s most recent disappointing jobs report. Lockhart […]