Federal Reserve Hints at Timing for Rate Hikes
Mortgage interest rates could see a significant increase as soon as this summer based on comments from the most recent Federal Reserve meeting. The Federal Open Market Committee issued a statement Wednesday removing the word “patient” in relation to its position on interest rates, a sign that the Fed might increase its target rate as early as the second or third quarter of this year. The Fed’s benchmark federal funds rate has been set to the range of zero to 0.25 percent since December Read more [...]
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