\u2018Era of Super-Low <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> Rates Is Over\u2019 | <a href=\"https:\/\/amazingproperty.com.ng\/blog\/estate-agents-nearby\/\">Realtor<\/a> Magazine<\/title><meta name=\"HandheldFriendly\" content=\"true\"\/><meta name=\"MobileOptimized\" content=\"width\"\/><meta name=\"viewport\" content=\"width=device-width, initial-scale=1\"\/><meta http-equiv=\"cleartype\" content=\"on\"\/><meta http-equiv=\"X-UA-Compatible\" content=\"IE=edge,chrome=1\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_xE-rWrJf-fncB6ztZfd2huxqgxu4WO-qwma6Xer30m4.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_MEZlvaWbRF2hzUfJgSIWF0hZ5-JX59Jey5Y4Am6W410.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_-0rRvPqCuZxWS36uMiHkQ_ACO_pNGAQoe3m7waGUBSw.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_k_OWwnxYRPvAY5QlFjC9wTo7Z0NvzloWcw0jjOgf8YU.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/use.fontawesome.com\/releases\/v5.0.8\/css\/all.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/search.nar.realtor\/popup_css.min.css\" media=\"all\"\/><\/head><body class=\"not-front not-logged-in node-type-daily-news path-daily-news-2018-09-27-era-of-super-low-mortgage-rates-is-over section-daily-news page-panels\" id=\"readabilityBody\" readability=\"47.858134490239\"><br \/>\n<br \/>\n <br \/>\n <\/p>\n<p><\/p>\n<div class=\"ie11banner\" style=\"background: rgb(225, 225, 225); padding: 10px; height: 60px; text-align: center; color: rgb(102, 102, 102); line-height: 40px; font-size: 16px; display: none;\" readability=\"6.8943089430894\">Internet Explorer does not currently support REALTOR\u00ae Magazine search. IE users, please download Firefox, Chrome, or Edge.<\/div>\n<p><\/p>\n<p><br \/>\n<main id=\"main\" class=\"layout-page-two-sidebars prose clearfix main prose\" role=\"main\" tabindex=\"-1\"><br \/>\n <\/p>\n<div class=\"content-push push\">\n<div class=\"layout-constrain\">\n<p> <\/p>\n<p> <\/p>\n<p> <br \/>\n <\/p>\n<p> <br \/>\n <\/p>\n<p> <\/p>\n<div class=\"\">\n<div class=\"region-content\">\n<div>\n<div class=\"main-content no-left-sidebar\">\n<div class=\"pane-node-body pane pane--nodebody\">\n<div class=\"pane__content\">\n<div class=\"field field--body\">\n<div class=\"field-items\" readability=\"23\">\n<div class=\"field-item even\" property=\"dc:description\" readability=\"41\">\n<p>The Federal Reserve on Wednesday voted to raise its benchmark interest rate by a quarter of a point to the highest point in more than a decade, and the <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">housing<\/a> market is now bracing for impact.<\/p>\n<div class=\"asset-align-left\" style=\"max-width:586px;\" readability=\"6\">\n<figure class=\"figure--overlay\" readability=\"2\">\n<div class=\"field field--asset-image\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" typeof=\"foaf:Image\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/2b54d20a1e5a8f75357e91cfa0aaafbc.jpg?resize=586%2C330&ssl=1\" width=\"586\" height=\"330\" alt=\"Business man comparing credit percentage offers\"\/><\/div>\n<\/div>\n<\/div>\n<p class=\"figure__credit\">\n \u00a9 anyaberkut – iStock\/Getty Images Plus <\/p><figcaption><\/figcaption><\/figure>\n<\/div>\n<p>The Fed lifted its rate to range between 2 percent and 2.25 percent. This is the third time in a year the Fed has raised its rate. The committee points to an upbeat economy that is \u201chealthy and moving forward.\u201d<\/p>\n<p>\u201cThese rates remain low,\u201d Federal Reserve Chairman Jerome Powell said at a news conference. \u201cThis gradual return to normal is helping to sustain this strong economy for the longer-run benefit of all Americans.\u201d<\/p>\n<p>While the Fed\u2019s key rate is not directly tied to mortgage rates, it does often have an impact to home <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/get-real-estate-loan-for-real-estate-investors\" title=\"loan\" data-wpil-keyword-link=\"linked\">loan<\/a> rates.<\/p>\n<p>\u201cThe era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years,\u201d says Lawrence Yun, chief economist of the National Association of REALTORS\u00ae. \u201cAnother rate hike by the Fed is almost certain before year\u2019s end, along with three further rounds of increases in 2019. These interest rate increases are occurring for good reason: an improving economy. Therefore, home sales should hold steady as the opposing forces of higher rates and more jobs neutralize each other. <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">Home price<\/a> growth will surely slow, however, as higher interest rates limit the stretching of the homebuyers\u2019 budget.\u201d<\/p>\n<p>The Fed strongly hinted at more hikes ahead. \u201cThe committee expects that further gradual increases in the target range for the federal <a href=\"https:\/\/amazingproperty.com.ng\/blog\/get-quick-loan-for-real-estate-investment\/\">funds<\/a> rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the committee\u2019s symmetric 2 percent objective over the medium term,\u201d the Fed said in a statement. \u201cRisks to the economic outlook appear roughly balanced.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<div class=\"pane pane--rmo-main-url-path-strip\">\n<div class=\"pane__content\">\n<div class=\"title-layout\">\n<h2>\n<div class=\"field field--optional-title\" readability=\"6\">\n<div class=\"field-items\" readability=\"7\">\n<p>Recent Stories in This Section<\/p>\n<\/div>\n<\/div>\n<\/h2><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> <\/p>\n<p> <br \/>\n \n <\/div>\n<\/p><\/div>\n<p><\/main><\/p>\n<p><br \/>\n<br \/>\n <img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"position: fixed;\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/c0a5d51519e4b8e0d0bac8e5322e9fee.gif?resize=1%2C1&ssl=1\" width=\"1\" height=\"1\"\/><\/body><\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/4qVZRIbCTEM\/era-of-super-low-mortgage-rates-is-over\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Era of Super-Low Mortgage Rates Is Over\u2019 | Realtor Magazine Internet Explorer does not … <a title=\"\u2018Era of Super-Low Mortgage Rates Is Over\u2019\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/era-of-super-low-mortgage-rates-is-over\/\"><span class=\"screen-reader-text\">\u2018Era of Super-Low Mortgage Rates Is Over\u2019<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8911,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[4751,518,1403,12908,543,215,248,344,408,1295,1292,15272,41,818,84,2878,479,15296,15303,17],"class_list":["post-8910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-buy","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-housing","tag-mortgage","tag-mortgage-rate","tag-mortgage-rates","tag-outlook","tag-property","tag-real","tag-real-estate","tag-real-estate-market","tag-realtor","tag-target","tag-twitter","tag-vendor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/09_27_18_Mortgage_Rates_Feature.jpg?fit=586%2C330&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=8910"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8910\/revisions"}],"predecessor-version":[{"id":90607,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8910\/revisions\/90607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8911"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}