It's Official: FED raises interest rates!
"In a statement released Wednesday by the Federal Reserve, the FOMC voted unanimously to raise the target range for the federal funds rate from 0.5% to 0.75%, effective Dec. 15, 2016."
They moved up as expected, and now we are looking at possibly two more hikes this next year. So time to talk to your lender and understand what this means for your specific financial situation!
Michael Haigh
NMLS#200819
650.409.5918 (Direct)
Michael.Haigh@SupremeLending.com
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