Interest Rate Hike
The Federal Reserve Board has hiked rates for the 17th consecutive time over the past two years, bringing the Fed Funds Rate to 5.25%.
analysts say the hike won't have much effect on mortgages, but will effect home equity lines of credit which are directly tied to the federal funds rate.
It may be time to reveiw the debt you carry on your home. There may be less expensive options than the debt structure you have in place. If you need an introduction or an experienced, qualified, knowledgeable loan officer, give us a call or visit our website. We're glad to help.
The Federal Reserve Board has hiked rates for the 17th consecutive time over the past two years, bringing the Fed Funds Rate to 5.25%.
analysts say the hike won't have much effect on mortgages, but will effect home equity lines of credit which are directly tied to the federal funds rate.
It may be time to reveiw the debt you carry on your home. There may be less expensive options than the debt structure you have in place. If you need an introduction or an experienced, qualified, knowledgeable loan officer, give us a call or visit our website. We're glad to help.
posted by The Hartanov Team at 4:59 AM
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