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Fed Plans to Stop Purchasing Mortgages

January 11, 2010

Interest Rates Set to Rise this Spring

A concern for home buyers, builders and investors is that the Federal Reserve plans to stop purchasing mortgages at the end of March. This action could bring interest rates higher from the current low of around 5.2%. With strong signs of the economy improving some like Thomas Hoenig, President of the Federal Reserve Bank of Kansas City see reasons to be optimistic about the economy. Some see the Fed’s action coming in March will increase interest rates a point and slow the currently improving real estate market and overall economy. See the full story here: Fed Plan to Stop Buying Mortgages

With an increase of home values in many Tri Valley areas, if interest rates increase, will this slow down the tri valley real estate market?

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