Archive For December 19, 2016

What the Federal Reserve’s Rate Hike Means for Buyers

What the Federal Reserve’s Rate Hike Means for Buyers

The Federal Reserve voted to raise the benchmark interest rate one-quarter of a percent on Wednesday, signaling a future uptick in mortgage rates.  The unanimous decision, which was widely predicted by industry experts, was only the second time in a decade that the Federal Reserve raised interest rates. Explains Janet Yellen, the Fed’s chairwoman, “My…

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