Real estate on Cape Cod and throughout the United States benefits from low interest rates. Many Buyers have been able to secure their first home, vacation home near the beach, or retirement home here on sunny Cape Cod with the help of historically low interest rates.
There is change in the wind:
The Federal Reserve on Wednesday moved to the verge of raising interest rates for the first time since the economy fell into recession more than seven years ago.
The Fed says any move is not imminent, but it’s wise to stay abreast of any pending changes. Here’s the New York Times article about the Fed meeting on Wednesday:
NY Times reports that Fed may increase interest rates soon