Sam Shueh, mba, cdpe, reopro, pe (   (408) 425-1601)

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Ambassador
2,348,119
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

The Federal Reserve Bank is not federal, it has no reserves, it is not a bank.  

To your question:  no significant effect on either.

Dec 19, 2018 12:39 PM
Rainer
226,564
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

In  historic 50 year overlook .25 to .5 raise means nothing. 

However; it is scaring buyers in the low end. Not that you

have any low end priced homes in San Jose Sam Shueh  I see prices

reducing 5% in 2019 to make deals close.

Dec 19, 2018 12:09 PM
Rainmaker
1,579,441
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'd rather guess at the weather Sam Shueh BUT it's as if the people in charge are doing their best to ruin a roaring economy.

Dec 19, 2018 11:49 AM
Rainmaker
689,717
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Saw this from one of my Facebook friends in the mortgage business:

Fed bumps short-term benchmark rate 25 basis points higher. Leaves door open for two more 25 basis point hikes in 2019. News is mortgage interest rate neutral.

Dec 19, 2018 12:03 PM
Rainmaker
2,435,759
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Physically it wont affect it much at all but psychologically & emotionally it will as it cannot escape the law of cause and effect...How much effect is the unknown but I predict it to be a morale type issue if anything

Dec 19, 2018 02:48 PM
Rainmaker
3,272,291
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Real sellers will sell. Real buyers will continue to buy.  Anyone can predict.  Life goes on.

Dec 19, 2018 12:38 PM
Rainmaker
449,514
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Even with two more hikes ... we will still be below an interest rate that would cause buyers to stop. Our economy is rising ... interest rates will rise along with it. Personally I wish the FEDS would not do this so fast.

Dec 19, 2018 12:15 PM
Rainmaker
1,066,602
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Yes, somehow it will affect the market. We will see it in 2019.

Dec 19, 2018 07:03 PM
Rainmaker
1,493,598
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

It will at some degree. 

Dec 19, 2018 06:43 PM
Rainmaker
1,004,078
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

The Heloc people won't be happy! This rate does not affect mortgages, but it makes both people and the economy jittery, look what happened to the stock market, way down, they did not like it! Warning!!

Dec 19, 2018 03:28 PM
Ambassador
4,111,045
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt it will be noticed.

Dec 19, 2018 02:23 PM
Rainmaker
2,773,515
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

What Fred Griffin said. 

Dec 20, 2018 11:15 AM
Rainmaker
1,220,602
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm with Bob Timm and Fred on this one.

Dec 20, 2018 10:15 AM
Rainmaker
2,959,338
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

With mortgage starts down, rates may stay down on mortgages, but they are inching up and when they hit the 5 mark, im expecting a slow down

Dec 20, 2018 04:48 AM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It will affect affordability for some buyers

Dec 19, 2018 04:40 PM
Ambassador
3,232,773
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Another reason to go with the devil you know (2019) than the one you don't (2020)! PLUS, 2020 is an election year!

Dec 19, 2018 04:12 PM
Rainmaker
4,910,949
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

those increases are nothing significant.... not enough to stop a sale....

Dec 19, 2018 03:41 PM
Rainer
238,747
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

I don't think it will make much difference. It doesn't directly translate into mortgage rates. People will always be buying houses.

Dec 19, 2018 03:12 PM
Rainmaker
3,017,440
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rates are still at historic lows. 

Dec 19, 2018 02:45 PM
Ambassador
3,939,279
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Time will tell.

Dec 19, 2018 01:27 PM
Rainmaker
5,310,400
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Every increase impacts affordability.

Smart consumers want to take advantage of the current very attractive mortgage interest rates. 

Dec 19, 2018 12:31 PM
Ambassador
1,624,525
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We have strong affordabikity so any mortgage rate hikes will be minimal in impact.

Dec 19, 2018 12:18 PM
Rainmaker
916,477
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

This was announced several weeks ago. As it is every Q4.

We've been correcting (SD Market) since 2/2018, so I imagine we'll be in-line with the rates by then as prices have leveled off here since July. San Diego's affordability is off the charts unaffordable by traditional standards, so that is in the eye of the borrower.

Dec 20, 2018 07:13 AM
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think rates will go up and affordability will be more difficult for many.

Dec 20, 2018 06:24 AM
Rainmaker
3,203,980
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

In over 45 years in the business, those who have to buy or sell do so regardless of the morrtgage rates. Rates are at historic lows. Rates were around 7% with 3 points in 1972 when I entered the business. People were buying and selling at a record pace because rates were low!

Dec 20, 2018 03:57 AM
Rainer
3,115
Amy White
Daily Successful Living - Gilbert, AZ
Personal Financial Specialist

Rates are still really low. I don’t see it significantly impacting the real estate market significantly.

Dec 19, 2018 09:10 PM
Rainmaker
1,136,855
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Interest rates are still at historic lows. I don’t see it having too much of an impact in my Market area. 

Dec 19, 2018 08:22 PM
Rainmaker
551,688
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

The Canadian government has raised our a few times in the last 1.5 years, we are seeing the market slow.

Dec 19, 2018 05:35 PM
Rainmaker
4,358,909
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

What Candice A. Donofrio said.  A

Dec 19, 2018 03:37 PM
Rainmaker
661,441
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Interest rates have risen and will continue to do so. Of course, the increased cost of financing will impact affordability. Home values would have to dip sharply in order to offset the increased cost of financing...something many buyers do not consider when they say that they are waiting for the supposed bubble to burst.

Dec 20, 2018 11:27 AM
Rainmaker
4,041,657
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Our market has already slowed, so hope the proposed interest rate hikes won't affect it any more than it has.

Dec 24, 2018 07:26 AM
Rainmaker
3,978,945
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not much will happen.  It may help stableize the market some also

Dec 24, 2018 03:03 AM
Rainmaker
3,104,503
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hope we do not havea slow down of buyers.

 

Dec 23, 2018 09:48 AM