Positive News On Interest Rates

In other news, Elliot Eisenberg notes the positive future in regards to interest rates. According to a press conference today, Fed Chairwoman Yellen suggests that the Fed will keep interest rates low, and "allow inflation to systematically exceed 2%." She did away with forward guidance, and suggested various economic reasons/indicators to set policy. This is great news for interest rates on homes, as they remain historically low. While interest rates will rise at some point, it appears that we are still in a "sweet spot" to take advantage of these low rates.


Source: Elliot F. Eisenberg, Ph.D.