Real Estate Blog

Fed Says No More Interest Rate Hikes in 2019


Posted: March 27, 2019 by Mark Corner

Wednesday March 20th, the Federal Reserve decided to hold interest rates steady and that no more rate hikes will be coming this year.  Just 3 months ago, the Fed anticipated two interest rate hikes in 2019.  The move came along with reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook.  After the announcement, 10-year treasury yields fell to their lowest level in a year.  Home mortgage interest rates closely follow 10 year treasury note rates.  This is good news for consumers considering a real estate purchase in 2019.  30-year fixed home mortgage rates spiked in October of 2018 but have been slowly declining for 5 months now.

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