What A Bump In Interest Rates Will Mean To You

Dated: 09/22/2015

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Relax. You won't need to run out and buy a home today for fear of getting a bump in your interest rate. However, there have been signals sent by the Federal Reserve that they will soon begin gently raising the rates. Part of the reason we didn't get a bump at the last meeting is the overseas economic instability and with our continued volatility in the stock market, Feds will likely not want to further destabilize the market, right at this time.

However, our domestic economy has gained in health.  What this means to you, is that you while the first fed rate hike will likely be mild, there will be further increases in the next 1-2 years. 

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