Interest Rates Holding Steady

The Federal Reserve announced a widely anticipated fourth interest rate pause during its January meeting on Wednesday, leaving the federal funds rate at a 22-year high of 5.25% to 5.5%.

This is fairly good news for home buyers and sellers in the Ventura County cities of Thousand Oaks, Simi Valley, Moorpark, Camarillo, Oxnard, Ventura and the San Fernando Valley. At least rates are not going up.

The central bank said it would continue to assess the impact of its restrictive monetary policy on the U.S. economy before reducing interest rates. Fed officials have predicted at least three rate cuts this year, with interest rates expected to tick down to 4.6%.

No matter what the interest rates are, here at Help-U-Sell our low flat fees to sell homes have saved owners over ONE BILLION in real estate commissions.