Window of Opportunity Still Open for Buyers

You may have noticed that interest rates were on the rise over the past few months, due to anticipation that the Fed would reduce their level of bond purchases. Instead, Fed recently announced that they would continue their current pace of purchasing bonds until the economy is stronger. As a result, rates actually decreased. However, industry experts expect the Fed to taper the bond purchasers in December, allowing a small window of opportunity for buyers.

If you are in the market to buy, make sure to take advantage of this window of opportunity, as experts except interest rates to rise upwards of 5% by this time next year.