From our friends at the Home Team Mortgage Company:
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.
Let the Schwanbecks Exceed Your Expectations!
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| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors SchwanbeckGroup@ebby.com 469.283.8656 |