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Fed Raises Key Interest Rate for First Time in Almost a Decade

Kubis.Realty.Blog.Interest.Rates.700.360The US was hit by the crash in it’s housing market and banking sector between 2007-2009. The Federal Reserve felt it needed to pull out all stops to prevent the economy from collapsing into a new Great Depression. To keep the economy afloat the Federal Reserve began cutting the cost of borrowing to rock-bottom levels.

Yesterday we saw what appears a good sign for the economic recovery that has been underway.  The Federal Reserve felt confident enough in the economy to raise interest rates for the first time since the financial crisis.  Future increases are expected as well, but at a very gradual pace.  All signs point to a strong 2016 Real Estate market given the progress made in the job market, rising household incomes and easing of economic hardships by Americans

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