When Are Rates Going to Rise?




Hey there everybody, thanks for joining us. We are excited to be joined today by John Ragland Jr. with the Supreme Team at Supreme LendingHe is going to give us the ins and outs of interest rates right now in Atlanta. 

There has been a lot of talk lately about the month of September, which is when it is anticipated that the Fed will raise the federal funds rate. That won't necessarily impact rates directly, but as the economy and investors see the rate increasing, it will cause home loan rates to move up. Between now and September, rates will be moving up, we just aren't sure when.


For every 1% increase in rates, your affordability drops 10%. That's a huge drop in buying power for just a normal rate hike.

While there is much uncertainty surrounding interest rates, we do know one thing for sure. Rates are incredibly low right now and inventory is solid, so it's a great time to buy as well. Rates can't stay this low if our economy is to remain balanced, and they are going to move up soon, probably this year.

If you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking with you!