The Federal Hikes Interest Rates Again

From our friends at the Home Team Mortgage Company:

Federal Reserve hikes interest rates again today:

The Federal Reverse raised interest rates for the third time this year, pushing rates up by 0.25% to 2.25%. Strong economic growth and a booming job market have led to the eighth rate hike since 2015, as the Fed tries to rein in the acceleration of inflation.

Currently the bond markets are acting favorably to the rate hike and most assume it was already baked into rate sheets last week with the anticipation this rate hike would come today.

HomeTeamMortgage Tammie

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors SchwanbeckGroup@ebby.com  469.283.8656 |

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