Source: Bankrate —
Change is in the air in the real estate and mortgage industries, and it’s not just because of falling temperatures. From policy shifts at the Fed to advice for millennial homebuyers, here’s what you need to know.
1. The Fed prepares to taper
It’s the moment economists have been predicting for months. The Federal Reserve tried to keep the economy stimulated during the worst of the pandemic by boosting asset purchases. Now that there are more shots in arms and COVID-19 is more under control, the central bank is preparing to return to a normal economic policy. It’s likely going to have wide-reaching effects, including (almost certainly) higher mortgage rates.