By the Kent Redding Group
AUSTIN, TX. – Back on June 14th 2017 the Federal Reserve raised interest rates by just a quarter of a percent and many have predicted that they are going to raise interest rates at least two more times in 2017.
Will rising interest rates affect the Austin Texas Real Estate market? The answer to this question is probably not.
30-year mortgage interest rates are still historically low at 3.9% and we have a long way to go before interest rates go back up to “normal” historical levels.
It’s also a fact that the Fed and mortgage rates often go in opposite directions so while the Fed continues to raise interest rates we could see mortgage rates stay low at least for the remainder of this year and beyond.