Home buyers! The Federal Reserve does not appear to lower rates for the next 24 months

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Henrique A. Faria

Last update:  2020-09-21

Home buyers! The Federal Reserve does not appear to lower rates for the next 24 months

WASHINGTON - The Federal Reserve reported on Wednesday, September 16, that it will probably keep its key interest rate near zero until the economy reaches full employment and inflation "moderately" exceeds its 2% target for "some time," according to USA Today.

The Fed's statement is consistent with their new policy framework presented last month, they seek to support the economy and recover the jobs lost in the times of COVID-19. They also seek to control inflation a little above 2% to help gain jobs.

The Fed plans to keep its short-term benchmark rate near zero until "labor market conditions have reached levels consistent with the maximum employment committee assessments and inflation has risen to 2% and is on track to moderately exceed 2% for some time. " this was announced by the federal reserve after two days of meetings.

This helps home buyers by lowering the amount of money they have to pay on their mortgages. Right now, with rents going up, at least in Florida, due to migration from other states and other countries, it's definitely a great idea to buy in Florida, both for living and for investment. '

Any questions contact me and we will gladly analyze your options.

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Henrique A. Faria. Realtor
Avanti way Realty
(954) 5042895
hfaria35@gmail.com

Henrique A. Faria

Henrique A. Faria

Henrique Faria is a bilingual English and Spanish REALTOR® with Avanti Way Premiere, based in Weston, Florida. Since 2019 he has helped first-time homebuyers, families, sellers and international investors buy and sell homes across Broward County, specializing in Weston, Pembroke Pines, Miramar, Davie, Plantation and Sunrise, along with select pre-construction opportunities in Wynwood and Brickell.

Henrique was named Agentpreneur of the Year by Avanti Way and was featured in South Florida Agent Magazine. He holds the RENE® (Real Estate Negotiation Expert) and SFR® (Short Sales and Foreclosure Resource) certifications, and his clients have left him more than 200 reviews on Google.

Originally from Venezuela, Henrique understands what it takes to buy property in a new country. He guides Latin American investors and out-of-state buyers through financing, closing and every step in between, and helps local first-time buyers go from pre-qualification to keys in hand. Whether you’re buying your first home, selling, or investing in South Florida, he’s one call or message away at (954) 504-2895.

Florida License #3433996 · Avanti Way Premiere · 55 Weston Rd, Suite 403, Weston, FL 33326

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