Real Estate Market Update – Federal Reserve Cut Short-term Interest Rates

Did you hear what the Federal Reserve did? This past weekend on Sunday, the Federal Reserve announced its most dramatic move since the 2008 financial crisis. Which was to drop the interest rates to zero and also buy at least $700 billion in government and mortgage related bonds. This was all done as part of a wide ranging emergency action plan to protect the US economy from the impact of the coronavirus outbreak. Now, what does this mean for you? If you are a buyer in today’s market, then right now is the best time to buy real estate. This will help boost the chance for lower long-term rates for mortgages. Despite the stock market having its downs, it has gone up over the past couple days and this may prompt the housing market- definitely something to keep an eye on. I can help you find the best deal ever. Mortgage rates have literally never been this low, meaning it has become easier and cheaper to borrow money. Take advantage now that rates are at zero!

I look forward to helping you with that part of the transition if need be. Please don’t hesitate to reach out for more details. And stay tuned for more blog updates coming twice a month on my website in the future!

Best, Cristina Diez

Contact Cristina Diez today for more information about Moving to Miami.

Cristina Diez | 786.473.7920 |
Diez.Cristina@outlook.com

Cristina Diez is a top producing realtor and lifelong Miami resident with Great Properties International who is known for her extensive market knowledge and excellent real estate reporting, analytics and forecasts.

Thank you!