The Federal Reserve said on Wednesday (12/15/21) that it will slow bond purchases twice as fast as planned, and possibly halt that program altogether in March.
The purposes of the bond purchases was to keep long-term rates low to help the economy. Since unemployment is falling and inflation is at a near-40-year high it seems no longer needed
The Fed will likely start raising rates in the first half of next year (2022) and we may see as many as 3 rate increase next year.
Moral of the story? If you’re hoping to buy a home and capitalize on record low rates get on it!
! FILE for Homestead Exemption!