Costa Mesa Home Loan Rates News Nudges Buyers & Sellers
Posted by Matt Kanoudi on
Last week, Costa Mesa residents who found themselves at any stage of preparing to buy or sell Costa Mesa homes had to have been motivated by what came out of Washington. Last Wednesday was the day the Federal Reserve officials were set to announce their new target for the benchmark federal funds rate. That’s the key trigger for future Costa Mesa home loan rates, which largely determine how attractive (or not) upcoming loan packages offers will be. Since any rise in rates raises monthly payment amounts—even if the underlying size of the loan remains the same—potential buyers and sellers have reason to watch what the Fed does with varying degrees of apprehension. Lately, strong economic performance has made it increasingly likely that rate rises will be…
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