FYI: Sellers and Buyers…
This is just in from Janet Yellen. It looks like there will be an interest increase around approx. March 14-15. Earlier, they had indicated in interest rates in June.
Historically, when interest is in the early stages of going up in increments, buyers are very aggressive about securing a new home.
Additionally, Yellen has suggested if the economy continues to improve they may have to raise interest rates more aggressively.
Please see link below for the full report:
http://money.cnn.com/2017/03/03/news/economy/janet-yellen-speech/index.html?iid=hp-toplead-dom