Fed Raises Rates

The Federal Open Market Committee (FOMC) approved an increase of the federal funds rate this week, the first increase since 2006. “Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic conditions, the...

Interest Rates to Remain Low For Now

In a not so surprising announcement by US Federal Reserve Chairman Janet Yellen, the FedĀ is indicating that an interest rate hike after its April meeting is not likely. This should keep mortgage rates low for now, which in turn will keep our local real estate...
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