From Steve Vallie at Summit Funding:
Yesterday Fed Chair Janet Yellen signaled that yes, interest rates will rise this year, but the Fed is in no hurry given the low inflation environment along with a sluggish global economy. Ms. Yellen said that the Fed will consider raising rates "on a meeting-by-meeting basis" and that "patience" remains in the Fed's rhetoric. “We do have an economy that fortunately appears to be recovering, and we have to be forward-looking in setting monetary policy, but I want to assure you that we do want to see that recovery continue,” Ms. Yellen said.
Steve can be reached at 602.753.0607
Summary market conditions for 85050 and 85054. Active listings for single family homes.