Arda Clark

    (310) 650-0960
    arda@carlandarda.com
    • About
      • Meet Carl
      • Meet Arda
      • Testimonials
    • Properties
      • Search for Homes
      • Search by Area
      • Mortgage Calculator
      • Featured Listings
    Carl and Arda Clark
     

    Carl

    (310) 963-4788
    carl@carlandarda.com
    • Sell
    • Blog
    • Contact
    • Arda Clark(310) 650-0960
      arda@carlandarda.com
      Copy Email
    • Carl(310) 963-4788
      carl@carlandarda.com
      Copy Email
    • Beach City Brokers
      1716 South Catalina Avenue
      Redondo Beach, CA 90277
      3106500960
      arda@carlandarda.com

    About

    • Home
    • About
    • Contact

    Search

    • Search Properties
    Carl and Arda Clark - Footer Logo
      • Privacy
      • Terms
      • DMCA
      • Accessibility
      • Fair Housing
      © 2025 Beach City Brokers. All rights reserved.
      Website built by CloseHack.
      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Another Federal Funds Rate Increase Expected This Fall

      Published 08/01/2023 | Posted by Arda Clark

      Last week, the Federal Reserve, commonly known as the Fed, increased the federal funds rate by 0.25 points. The federal funds rate now sits at 5.25%-5.5%, the largest value in 22 years. In addition, the Fed made a statement regarding “determining the extent of additional policy firming that will be appropriate.” Policy firming refers to rate increases.

      Barclays, a multinational bank based out of the UK, also noted a change in the Fed’s language regarding this policy. A prior statement by the Fed referenced “the extent to which additional policy firming may be appropriate.” Their new statement is significantly more certain about the appropriateness of additional policy firming, leading Barclays to believe that the Fed plans additional rate increases. Barclays predicts this will probably happen in September or November, which are the next two times the Fed meets.

      However, it’s important to realize that the federal funds rate is not the same as mortgage interest rates. In fact, they aren’t directly related at all. Mortgage interest rates do frequently increase when the federal funds rate increases, but there are additional factors at play. These include demand and economic outlook. Both of these are somewhat mixed. Demand is not particularly high, but neither is supply. Our economy is currently in a recovery cycle, so it’s looking up, but isn’t necessarily stable. So, it’s definitely a possibility that interest rates increase some more, but not a guarantee.

      Photo by Etienne Martin on Unsplash

      More: https://www.usatoday.com/story/money/2023/07/26/fed-interest-rate-hike-live-updates/70463418007/

      Related Articles

      Keep reading other bits of knowledge from our team.

        Request Info

        Have a question about this article or want to learn more?