Real Estate Blog

A daily blog of the real estate market in Florida

Archive for the ‘News’ Category

Federal Reserve Bank Rate

Randy, what’s your take on the Federal Reserve’s decision to leave the key bank lending rate unchanged?

I think the Federal Reserve Bank would have been crazy to increase the rate they charge the banks.  It would have only been a domino affect for sure and the banks would have increased consumer mortgage interest rates – we can’t have that!  If interest rates are still so good, why aren’t more buyers taking action?