Posts Tagged ‘fed rate hike’
The Lastest Fed Hike
Once again, in an effort to curb inflation, the Fed has announced another Fed Rate Hike to the tune of a .75 increase to the Fed Funds rate. This Fed rate hike brings the Fed funds target rate range to 2.25%-2.5%, and the increase was in line with expectations, resulting in minimal initial changes to…
Read MoreWhat the Fed Rate Hike Means for You
Today the Fed increased their Fed Funds rate by .75 percent. While on the surface that doesn’t seem like too big a bump, this is the largest single-day increase to the Fed funds rate since 1994, signaling a serious attempt at Fed members to reign in inflation. The move comes on the heels of last…
Read MoreWhat the Fed Rate Hike Means for My Mortgage
How the Fed Rate Hike Affects Mortgage Rates Yesterday, March 16, 2022, was the date of the first Fed rate hike in 3 years, and is the first of an expected 7 total for the year 2022. This rate hike is an effort to fight off the inflation once deemed “transitory” but has proven…
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