Fed’s rate increase could mean good news for mortgage rates
The federal funds rate is now at its highest level in 15 years. Last week Federal Reserve Chair Jerome Powell, along with the Federal Open Market Committee, raised the overnight lending rate by 50-basis points putting it in a range of 4.25% to...
State License #AK-AK934176, AR-934176, AZ-0936608, CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act- CA-DBO934176, CO-100514176, DC-MLO934176, DE-MLO-934176, FL-LO46691, GA-934176, ID-MLO-2080934176, KY-MC357691, LA, MD-32266, MA-MLO934176, MO-12808-MLO, NC-I-154734, NJ, NV-56121, NY Licensed Mortgage Banker-NYS Department of Financial Services, PA-57210, SC-MLO-934176, TN-129242, TX, VA-MLO-13359VA, WA-MLO-934176, WV-LO-934176