Federal Reserve Raises Key Interest Rate
The Federal Reserve raises the short term interest rate in attempt to force lenders, banks and financial institutions to use private funds!
Is this the beginning of the secondary mortgage market making a comeback?
When the Fed would eventually raise interest rates has been of great debate among economists, although most didn’t expect to see it happen this soon even on this level.
Commercial Mortgage Backed Securities (CMBS): last time we heard that term it was on the Antique Road Show!
Stay tuned!
To view the full article, please visit csmonitor.com.
As seen above, interest rates won’t last forever. Now is the time to take advantage. Please contact Sean T Shallis at The Shallis Group for a personal consultation on your buying or selling needs at 201-427-1032.
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