Mortgage Rates Rise - The Fed 0.75% Rate Increase

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In: Mortgage News

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The Federal Reserve announced today that it will raise benchmark interest rates by 0.75%, in line with expectations to fight inflation. It is currently at 3.125%.  “The Fed raised its federal fund’s rate target again today by 75 basis pointsContinue Reading

FED Likely To Increase Rates By 3/4th Of A Point

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In: Mortgage News

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Conflicting signals about the health of the US economy have put the Federal Reserve in a difficult position.  With inflation at a four-decade high, the labor market strong, and consumer spending still strong, the Fed is under pressure to raiseContinue Reading