Fed Hikes Rates In Sign Of Economic Confidence

    This is great news for a strong housing market. Experts think that this will ultimately have the affect of slightly higher interest rates for home loans on 15 and 30 year mortgages in the new year, but for now they will remain steadily low.

    Federal Reserve Chairwoman Janet Yellen Thursday announced a modest benchmark interest rate hike to 1.25 percent-1.50 percent.

    Source: Fed Hikes Rates In Sign Of Economic Confidence

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