Some are scratching their heads?
According to Federal Fund Futures data compiled by Bloomberg, traders are predicting a 52% chance of an interest rate hike next month – up from 38% a few days ago.
I'm more convinced that they're going to rise in September.
Christopher Sullivan, United Nations Federal Credit Union
A strong US service sector growth report along with hawkish comments out of the Fed Bank of Atlanta have fueled this belief.
The Federal Funds rate has held its target at nearly zero since 2008 to support growth. The assumption that the effective fed funds rate will average 0.375 percent after the initial rate increase supports the likelihood of a fed increase.
So how does this impact your home buying decision? Contact Skyrise Real Estate Group today for guidance.
Don't be left scratching your head too.