Multifamily investors may be coming to terms with the new interest rate climate, which is a good thing since the Federal Reserve has signaled it is not ready to lower rates further at this time.

When the Fed met last week, they declined to change the overnight rate and also didn’t change their position on quantitative tightening.

“They’re still letting $25 billion of long-term treasuries and securities burn off their balance sheet each month,” said Marcus & Millichap national director of research and advisory services John Chang. He speculated the Fed is waiting for policy and fiscal plan details from the President and Congress before making their next move. The Fed next meets on March 19, but Wall Street is leaning toward no rate cuts at that meeting either, Chang said.