Aucklanders viewing properties elsewhere
27th Jun
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Ph 0800 828 222
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With record low interest rates and affordable prices American property is an attractive investment.
With the economy showing signs of life and interest rates predicted to rise next year now could be the perfect time to invest.
With stronger than expected job numbers for June the American economy appears to have shrugged off the final remnants of the global financial crisis and for the first time in a long time analysts are predicting an interest rate rise in the first half of next year.
Analysts from both Goldman Sachs and JP Morgan recently revised their predictions and now expect the Federal Reserve Bank to hike rates in the second or third quarter of 2015. The base interest rate in America is currently 0.25 per cent and analysts agree rises will be small and gradual.
Federal Reserve chair Janet Yellen told Reuters last week that they won’t rush increasing the base rate for fear of harming the country’s economic recovery. However she wouldn’t be drawn on a date.