Interest Rate Went up by a Quarter Percent, What's Next?

The Federal Reserve decided to raise the interest rate by one quarter percent for the fourth time this year. What could all this mean to you as a real estate/foreclosure investor?

Well, if you're still contemplating of buying a house whether home foreclosures or not, you better act quick before its too late. With the current trend of interest rates, it looks like those all time low rates are fading away.

If you pay close attention to the cycle of economy, things are going the other way around now. Gas prices are starting to get lower --almost! More people are shopping around. Employment rate is picking up. And, the election is over.

So for the interest rate category, I think we have seen the lowest spot on the curve. Upward pattern will start to show up. Remember for every fraction of a point in an interest rate means a big difference on the amount of mortgage you would pay.
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Written by Resty Malia
Buying a Home Foreclosures