Over the last two days, the Federal Reserve Bank has met to review the pace of inflation since their previous meeting in March. It is good news for those like you, waiting to see what interest rates would do. The Fed announced a 0% interest hike as inflation has continued downward for the 10th month!

They didn’t promise that they wouldn’t look at future hikes, but for now, they are pleased with the taming of inflation! That being said, though inflation has slowed and the cost of goods has also lowered, the cost of services still hasn’t gone down. We may be waiting a little longer for interest rates to take the nosedive many await.

If you have any questions about strategizing whether to buy or sell, now or later, please feel free to reach out to our team of Real Estate Advisors. We can help you make the wisest decision for you!

Questions? Reach out to one of our advisors for a chat! 

Article to check out:

https://www.wsj.com/livecoverage/federal-reserve-meeting-interest-rate-june-2023