Housing

If you looking to become a first time home buyer you best hurry up. The Fed hinted that the next three rate increase will be half percent each meaning that the 30 year mortgage rate which has increased to 4.5% over the past year will go to 6% by fall. Houses increased in value by 20% since 2000. The $300,000 house you could have purchased two years ago for $1,109 per month will be $2,158 this fall. This will likely push many out of the market.