“April was a very interesting month across the country and that was no different here in the Pikes Peak Region. Single-family listings were down just over 29 percent as sellers tried to
What Do Interest Rates Do From Here?
Dated: 05/18/2019
Views: 311
It is safe to say the threat of interest rate hikes has subsided. We were told last year we would see numerous hikes from 2018 into 2019. Then after a few rate hikes, they stopped.
I wonder if the FED is worried about the slowing economy? Often we need to read between the lines and I think this is one area that should be analyzed further.
As we approach mid-May we have learned that it does, in fact, appear we have a slowing economy and any rise in rates would slow it more. So now the question is, does the FED lower rates and start QE?
I think we will have to wait and see. But President Trump has made it clear that it is an option. Follow up question is does the FED agree it is an option?
So what does it mean to the average home buyer? You are going to enjoy low rates for 2019 and if the FED approves it, even lower rates may follow at the end of the year.
It is a great time to at least meet with a good lender to go over your options. Then once you figure that out, see if it is a good time to buy.
As always, if you need to run some ideas by a good REALTOR or have questions, call anytime.
Patrick Muldoon
Patrick Muldoon
I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....
Latest Blog Posts
Good afternoon,I apologize for the last minute notice, but the training that was scheduled for tomorrow, "How to Stop being Hacked" has to be moved to Thursday, March 19th. It will still be at
“The Pikes Peak region woke up in November to some cold days and a hot real estate market. The winning streak continues for sellers as the market remains tight. And although we ended up with
“As the weather cools, the housing market does not as the Pikes Peak Region is not allowing the ‘off season’ to disrupt a strong housing market. In fact, we saw the average days on
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Muldoon Associates, Inc.name are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. May 30, 2020 11:51 PMd
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak Realtor Services Corp.
Pueblo Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
