09/26/2022
While mortgage rates are not directly tied to the Fed Rate that was just increased, it does trickle down to the mortgage market. And it has! Don't wait!
The Federal Reserve is standing pat in its hawkish effort to fight inflation. The Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points at its September meeting and also set its terminal rate of 4.6% in 2023. The terminal rate would be the end point for rate hikes. Th...