What Does The Feds Recent Announcement About 0% Interest Rates Mean For Mortgages?

December 22, 2020 | amandasearlerealtor

Recently, the Federal Reserve announced that federal funds rate staying at 0% probably until 2023.  I’m getting a lot of inquires about what does this mean for mortgage rates?  Alex Stewart from Bank Of England, one of our preferred lenders, sent out this video to the Realtors that he frequently works with.  I thought was worth sharing for anyone thinking about buying a home in early next year or next few years…

Here’s a CNBC article with additional information for reference.

And here’s a link to the video.

Let me know if you have any questions or if I can help with your real estate search now or sometime in the new year.  Have a great holiday season!

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