HOW WILL RATE HIKES IMPACT YOUR MONTHLY PAYMENT?

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The surprisingly strong employment report that we got on Friday quickly upped the odds for a Fed Funds rate hike in December.  October delivered strong job creation, surging average hourly earnings, a decline in the unemployment rate, essentially all of the ingredients that point to real strength in the jobs market.

So at some point in the almost here future, mortgage interest rates will move higher than where they are today. Signs of real economic recovery will dominate the financial airwaves, strong jobs report data will be delivered consistently and without asterisks, inflation will ascend to target, the Fed will finally raise short term interest rates and there will be joy throughout the land.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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