According to Bloomberg Businessweek “wage growth starting to accelerate, the Fed may have to raise interest rates more quickly than planned to avoid stoking inflation”.
We thought interest rates were going to stay low for another year. Maybe so, maybe not. If you’re considering the purchase of an investment property, second home or other real estate you may want to step up your timeline a bit. If the fed raises rates the cost of your mortgage could go up significantly. Money wasted on interest charges is getting you no closer to financial freedom.
If you’re in the market for an investment property or let’s just say the road to financial independence and need assistance with your real estate related investments call us today. We’re here to help. 1836 Realty and 1836 Property Management, Austin best property management team.