Financial Survival Network

Summary: The Fed increased the funds rate by 75 points, as they promised. How does this affect your portfolio? Mortgage expert and financial advisor Debbie Bloyd comes on the show to talk about where the housing market is headed with the shift in interest rates, and mentions various factors to consider if you’re looking to get in the market any time soon. It’s very important to be attentive to the current market and speak with experts that understand what real estate is like now, and it’s absolutely crucial to have a solid plan for this sector. Tune in for more insight. Highlights: -Debbie specializes in mortgages, and says that this will make it harder for people to buy the homes that they want -People sometimes neglect to realize how good things are (i.e. lower rates) until they go away -No one is going to relocate if they don’t have to because it will inevitably cost more -The quality of the home you’re going to get with your money decreases as well -When you buy down a rate, your buying power becomes stro