The Fed has been trying to raise rates for several years in a row and they’ve only done it one time per year, and in December of all months, Obradovich said in an interview with Housing Wire. We might see a tax cut which also could drive up inflation, it could raise rates, but in the long run, we just don’t know if the United States could support higher rates. Nevertheless, Obradovich held to his original sentiments that the economy is not in a place to support three rate hikes in 2017.
Key Takeaways:
- In December, the Federal Reserve made its first and last interest rate hike for 2016, but left the industry with the notion that three more could be on the way for 2017. However, one expert told HousingWire that’s all talk.
- Jason Obradovich, New American Funding executive vice president of capital markets, explained that for all its intentions, the Fed probably won’t be raising rates as much as it would like in 2017.
- “The Fed has been trying to raise rates for several years in a row and they’ve only done it one time per year, and in December of all months,” Obradovich said in an interview with HousingWire.
“In December, the Federal Reserve made its first and last interest rate hike for 2016, but left the industry with the notion that three more could be on the way for 2017. However, one expert told HousingWire that’s all talk.”
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