The Fed rate increase – what does it mean for you?

The Federal Reserve raised short-term interest rates last Wednesday, increasing another .25% to 1%. This will primarily affect credit cards, home equity lines of credit, and savings account interest rates – putting upward pressure on all of those rates, see … Continue reading

Still low rates and great values

Freddie Mac’s weekly report of mortgage rates shows that mortgage interest rates are still at historical lows, according to this article in the Washington Post, thirty-year fixed rates are still in the upper three percent range, 3.67% with .7 points … Continue reading