Posts Tagged ‘fed rate’
What The Fed Rate Hike Means For Mortgage Rates
Today, the Fed raised the Federal funds rate by .25, marking a full 5% increase in the fed funds rate since they began hiking rates in early 2022. It’s important to note what the Fed rate hike means for mortgage rates and other areas of the market. The Fed funds rate is the rate at…
Read MoreWhat the Fed Rate Hike Means for My Mortgage
How the Fed Rate Hike Affects Mortgage Rates Yesterday, March 16, 2022, was the date of the first Fed rate hike in 3 years, and is the first of an expected 7 total for the year 2022. This rate hike is an effort to fight off the inflation once deemed “transitory” but has proven…
Read MoreWhat the Fed Rate Cut Means to You
The Fed has once again cut rates, this time by .25% – so what does this mean for you? Well, the Fed funds rate is the rate banks borrow from each other. When the rate is cut, it is done to help stimulate the economy and increase inflation. The Fed funds rate is…
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