Last month, the Federal Reserve implemented its second interest rate hike of the year and indicated there could be two more rate hikes to come in 2018. Understandably, the news created some buzz in the housing market as the Fed Funds Rate affects mortgage rates.
While mortgage rates have been gradually on the rise, it shouldn’t deter prospective buyers from purchasing a home if they have the means to do so. Here are a few things home buyers and sellers should keep in mind: