What rising rates mean to homebuyers and how to prepare yourself
After what seems like years of teasing us with the possibility of rising rates, the Federal Reserve finally made their move with a quarter-point jump last week. Economic conditions, led by a strong job market, triggered for the first rate rise since June 2006. The move is a sign of confidence in the economy (that’s a good thing!), albeit one that is feared to slow down economic growth (not so good!) and potentially scare off buyers who were just starting to feel OK about getting into the L.A. real estate market (bad, very bad!).
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