mortgage rates: Fed’s Don’t Think Rates Will Rise Until 2015
- 04/17/14 11:31 PM
As the shaky U.S. economy begins to show signs of improvement, the question of when the federal government would begin to raise the federal funds rate is on the minds of many. The estimates released by several top officers of the Federal Reserve say that the interest rates will not begin rising until mid 2015, and then it will happen slowly. Estimates from Chicago and Atlanta’s Federal Reserve Both Charles Evans of the Chicago Federal Reserve Bank and Dennis Lockhart of the Federal Reserve Bank of Atlanta believe that the interest rates will not begin to rise until at least the … (0 comments)
mortgage rates: What is going on with mortgage rates?
- 01/28/14 04:41 AM
After last month's Fed "tapering of the stimulus" announcement, I have had many people, who are thinking about refinancing or purchasing real estate, ask me what is going on with rates? Friends, they are going up! It doesn't mean rates are going into double digits, but the pressure is definitely up. The problem for someone considering refinancing or buying is that every increase in rate means you will pay more interest over the life of your loan. The purpose of this blog is to get clients to stop procrastinating and get motivated to take advantage of today's rates! There are multiple factors influencing mortgage rates over the next few … (0 comments)
As the shaky U.S. economy begins to show signs of improvement, the question of when the federal government would begin to raise the federal funds rate is on the minds of many. The estimates released by several top officers of the Federal Reserve say that the interest rates will not begin rising until mid 2015, and then it will happen slowly.
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