In December, the Fed announced that they would be raising rates for the first time in nine years. This news was met with a variety of reactions, but here’s why it is nothing to panic over. It’s no secret that an increased rate means more expensive mortgage loans. Consumers may initially balk at the idea but the reality is that rates are still lower than pre-economic crash numbers. The slight increase to rates is having a very minimal impact on mortgages. Another thing to keep in mind is that fact that although the rates are … (3 comments)
Why the Rate Hike Isn't All Bad
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