Rising interest rates, what does it really mean?
For the first time in many years interest rates are rising. The conventional wisdom about rates is that they drop slowly but rise quickly and we can see that now. For the past several years mortgage rates have been around 4% or lower. Now they are pushing above 5% and may go higher. This has […]
Fed raises interest rates, signals more to come in 2018
The Federal Reserve announced Wednesday that it raised its benchmark interest rate by 25 basis points, to a range of 1.50% to 1.75%. Over the next few weeks, this increase will affect credit cards, adjustable-rate mortgages, car loans, and other credit lines that don’t have fixed rates. The Fed still expects to hike rates three times […]