Some Greenville homeowners affected by Federal Reserve interest hike

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.

WNCT-TV 9 On Your Side provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s