Up They Go!

The Federal Reserve raised its key interest rate by 0.25 percentage point on Wednesday. It was just the third time that the Fed has increased rates since the financial crisis. In short, this means higher borrowing costs for everything from credit cards to mortgages. And looking ahead through 2017, a few more are expected. Now, what could balance the hike is deregulation with some changes possibly coming to the Dodd-Frank Act which made it more difficult for big banks to work with borrowers. All of which means if you’re thinking about moving, more food for thought and possible reasons for you to act today vs. tomorrow. And as always, my team is here to help. Just let us know!

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