Mortgage Interest Rates to Rise if Economy Improves
Notes from the Federal Reserve's last meeting show central bankers are leaving their options open as to future rate hikes. But for now, expect things to stay status quo.
Minutes from the Federal Reserve’s March 19-20 meeting say some policymakers under certain circumstances could “judge it appropriate to raise the target range for the federal funds rate modestly later this year.”
“Several participants noted that their views of the appropriate range for the federal funds rate could shift in either direction,” the minutes say.
But the summary also says: “A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year.”
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----- KIMBERLY VAN HAL | Good to Know® -----
As a residential agent since 1987, Kim has helped home buyers and sellers in the Fargo Moorhead metro area achieve their real estate goals.