Joshua Weisfeld is an asset manager at W Brothers Realty, LLC in New York. Though he studied communication and rhetorical studies in college, he had an early diversion into real estate. At W Brothers Realty, LLC, Josh Weisfeld is known for always putting clients’ goals and needs first. Joshua Weisfeld is passionate about real estate and has an expert understanding of the New York City real estate market and how interest rates affect real estate value.
According to finance and real estate experts, interest rates significantly impact the cost of real estate and its accruing income. It has been noted that the interest rates on interbank exchanges and treasury bills have the most significant impact on real estate. This is because interbank exchanges and treasury bills usually decrease and increase the cost of mortgage capital.
Similarly, the federal funds rate is another interest rate that might affect real estate pricing. The federal fund rate is fixed and is set by the United States Federal Reserve. Commercial banks adopt these interest rates when lending out money to each other. This invariably affects the mortgage rates.
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