Investors have begun coming to terms with what the Fed has been saying regarding the need for continued rate hikes into spring and summer. As a result, we’ve seen rates start to climb again. There is a growing sentiment that we will see a 50bp increase to the fed funds rate at their next meeting, up from a widely agreed upon 25bps previously.
Further uncertainty grew with the collapse of Silicon Valley Bank in one of the largest banking meltdowns in history. While the FDIC swooped in remarkably quickly to ensure depositors were covered, the collapse has rippled its way through the rest of the market. It is unknown how this unexpected turn of events will affect the Fed’s planned rate hikes.
While this uncertainty may give potential buyers pause, it’s important to remember the real estate market in the Charlotte metro area is strong and it’s still a great time to buy.
To get in touch, reach out to your Helen Adams Realty agent or contact Tom Baker directly.
About Introlend Carolinas
IntroLend Carolinas is a mortgage marketplace that allows you to compare your options side-by-side, giving you the confidence to know you are receiving the best possible rate and terms. Helen Adams Realty has dedicated finance managers in their offices who have been in the mortgage and customer service industries for decades and understand how to take great care of any borrower in any scenario.