13 Jan '21 15:31>
@averagejoe1 saidThe Federal Reserve has no intention of raising interest rates in the near future. The two economic factors to worry about are inflation, which has remained very low, and unemployment. Tax relief for middle class workers, a living minimum age based on the cost of living in individual states, quality education and affordable college and a more progressive tax rate will all improve employment and increase demand which will increase GDP. Inflation will be the primary concern.
It is rumored the programs of the new administration will necessarily result in inflation and a rise in interest rates. If you are looking to buy a home and get settled before all that hits, I see that rates are under 2.5% now. One of the many reasons the housing market is heating up is due to getting in before it all happens. I know I am banned from bringing up the pesky money issues, but I figured this could be helpful if you are on the fence. Jump off!!!