As expected, the Federal Reserve held interest rates steady today as they assess where the economy is headed – and the agency intimated that rates might stay low for a good while to come.
Most experts felt the Fed’s policymaking committee would decline to raise rates today as the agency feels out the likely economic effects of the new administration.
What does this mean for Canada? It could be that we will hold also. In so far as Real Estate is concerned, this will mean a status quo on the more affordable rates we have been seeing for some time.
For more details, contact me at (519) 577-8181 – Denis Pellerin, Salesperson, CBPBR