Low inventory is of greater concern than the possibility of rising interest rates, a new survey from Harris Poll and Trulia reveals
Source Inman.com, By: Marian McPherson
Jun 15, 2016
According to a report by Inman writer Lou Barnes, the Fed’s fund rate is at an all-time emergency low, and the Fed owns nearly $4 trillion in Treasurys and mortgage-backed securities.
Furthermore, mortgage rates are down from 4.25 percent closing to 3.5 percent in just six months.
Some Americans are worried that if the Fed decides to raise the federal funds rate, it could make borrowing for a home more expensive as well, though mortgage rates aren’t directly impacted by the federal funds rate.
But according to a recent study done by the Harris Poll on…