If we would have asked this question a couple months ago, “yes” would have been the obvious answer.  It seemed a fait accompli – a done deal. Traders were certainly betting that way. After the Federal Reserve raised rates in December, federal funds rate futures contracts were priced for another rate increase by March, and then for a couple more thereafter.

Today, it looks less like a done deal. Traders are giving low odds for another rate increase this year. In fact, they're giving only a 34% chance of another increase for December. For a rate increase before then, they're giving even lower odds. This tells us that most market participants don't believe that the Federal Reserve will follow through on its plan to implement more rate increases.

Of course, that can change in a heartbeat.  If commodity prices (again lead by oil) and global stock prices continue to rise, you can be sure the Fed will be emboldened to move forward on interest rates. Therefore, we once again have to counsel, don't take today's low lending rates for granted.

 Information provided by Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.