Leo Nordine

Has Sold Over 5400 Properties

Fed Rate Hike (Finally) Likely Next Month

14 of 17 FOMC members expect a rate hike before the end of the year, so it’ll probably happen in December. Last time they did this (Dec ’15) mortgage rates actually dropped. The economy can’t support higher rates. The high end market has slowed dramatically recently, and price gains are slowing nationwide.

See DS News article here.