Happy Wednesday all, Today we got word that the Federal Funds Rate would increase another 0.25%. That brings its benchmark Federal-Funds rate to a range between 5% and 5.25%, a 16-year high and marks the central bank’s 10th consecutive hike. That means your mortgage rates are going to be higher, auto loans, and other loans may go up accordingly. At least high yield savings rates will be higher as well.
😱 The 10th Interest Rate Hike
😱 The 10th Interest Rate Hike
😱 The 10th Interest Rate Hike
Happy Wednesday all, Today we got word that the Federal Funds Rate would increase another 0.25%. That brings its benchmark Federal-Funds rate to a range between 5% and 5.25%, a 16-year high and marks the central bank’s 10th consecutive hike. That means your mortgage rates are going to be higher, auto loans, and other loans may go up accordingly. At least high yield savings rates will be higher as well.