GREENVILLE, N.C. – Some Greenville homeowners will see slight changes in their mortgage rates as the Federal Reserve raised short-term interest rates by a quarter of a percent.
Aldridge & Southerland realtor Connie Corey said people buying a home in January should expect to pay about $25-35 more a month on their mortgage bills.
She said this won’t have a significant impact on the local housing market.
“Greenville is a different market than the rest of the United States because even though we had a down market, we didn’t crash like other markets do,” Corey said.
This is the first time the Federal Reserve raised interest rates in 10 years.