The Nation wide trend is finally slowing down, after months of market value increases, Real Estate in the US has slowed in June by 0.5%. Inflation has driven the FED to increase the Interest Rates by roughly 1 % since April. In order to attempt to keep inflation in check, the Federal Reserve is forced to increase the interest rates other wise, they risk to have the interest rates spike up out of control.
So one percent does not seam like much, but it still is a 25% increase in 4 months! At that pace we could easily reach an interest rate twice as high as its lowest points a few months ago, just a year later. SO be ready for interest rates to steadily go up, and up and up….