Fed Increases Key Interest Rate
In my last blog, I reported that in a conversation with him yesterday, he mentioned that interest rates have been moving up, and then this morning I notice that the BBC reported the following action by the Federal Reserve.
“The US central bank said late on Thursday that it was lifting its discount rate to 0.75%, from 0.5%.”
Just remember that everything cycles, tides ebb and flow and so do Honolulu real estate mortgage loan interest rates. We have been at lows for sometime and one should expect rates to move up for a while. So, here’s some advice, buy now!