Does The Fed's Rate Hike Affect Your Or Future Strategies?

Question

Im curious how everyone's strategies may change with the current rate hike, and what will likely be a series of hikes going forward.

About 6 months ago my goal, with the idea that the era of cheap money might be coming to an end, was to add an additional $1 million in mortgage debt over the next year. Ive gotten to about half that goal in the past 6 months, and should hit my goal.

EDIT: Title should have been

Does The Fed's Rate Hike Affect Your Current Or Future Strategies?

Richard Cook · Answer

Not really will change much - but I'm a noobie. Getting a mortgage 3-4% is still a heck of a deal. To me, it shows strength in the economy as it is recovering. No prospective homeowner is going to decide not to sell over a .25% increase (typically <$50/mo payment difference)

I guess it might make me leverage a little more now for my immediate buys and a little less if rates go up, but I don't know if I will actually do that when feet get to the fire.

Does The Fed's Rate Hike Affect Your Or Future Strategies?

Does The Fed's Rate Hike Affect Your Current Or Future Strategies?

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