The Federal Reserve will start raising interest rates this summer.

2015-5-19+freddie1

 

 

 

 

 

 

 

 

 

 

Rates will affect homebuyer affordability and can be expected to slow both home sales and new construction.

However when it actually starts, people who have been on the fence will panic and for a short time, sales will balloon.

Affordability is good for most areas except for ours.