27 Jun 2016

What is going on in the California Real Estate Market?

Interest Rates Fed rate hikes can increase borrowing costs. The FED has been waiting for the job market to improve to increase rates. Lower-than expected job growth led to a delay in a rate increase in June, however once job growth improves, it is likely that rate increases will follow. Mortgage rates are largely influenced by global capital flows. With large inflows of foreign capital, mortgage rates have been low because there is an inverse