The Fed finishes the year with a fourth rate hike – Bankrate

The Federal Reserve’s latest move is bad news for borrowers hit with multiple rate hikes this year. Policymakers ended a two-day meeting Wednesday by voting to raise the central bank’s benchmark interest rate to a range of 2.25 to 2.5 percent. This is the fourth rate hike of 2018 and …

Mortgage Rates Step Back – Freddie Mac

Mortgage rates remained mostly flat over the past week, which has been the dominant theme since late spring. This stability in borrowing costs comes despite the highest core inflation rates since 2008 and turbulence in the currency markets. Unfortunately, this pause in rates is not leading to increasing home sales. …

7 ways the Fed’s decisions on interest rates affect you – Bankrate

When the Federal Reserve raises interest rates, you feel it.   “The Federal Reserve has its fingers in your pocketbook to a greater degree than the IRS,” says Michael Reese, a CFP professional in Traverse City, Michigan.   The Fed most recently raised rates in December and forecast that there …