The Federal Reserve will not raise interest rates this year, keeping it between 2.25 percent o 2.5 percent.
This means that home loans are very attractive, and demand for homes will go up again this year. If you are looking to buy or sell, this is the time to do it.
The feds decided to keep the rate constant this year to protect the economy. The lack of change makes it attractive to borrow money and take out loans, especially home loans.
The current average of home loans is between 4 percent and 5 percent, depending on the loan.
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