Three-quarters of a point. This is the amount the Federal Reserve chose to raise the nominal interest rate by citing the need to combat the highest rate of inflation since the 80s. To put that another way, this is the ...
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Adding Up: Rising Rates’ Financial Impact
Mortgage rates have surpassed 5% lately, due in large part to increases to the federal interest rate by the Federal Reserve who in addition to raising the rate twice this year, is expected to have further increases for the foreseeable future. ...
Read More »Federal Agencies Call on Mortgage Servicers to Ensure Borrower Protections
A new announcement from the CFPB and others stresses closer examination of mortgage servicer practices for compliance with pandemic-related homeowner mandates.
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