Mortgage Rate Articles

How the Fed’s interest rate hikes impact consumers

Mortgage Rates Still Bounce Indecisively Lower High home prices, rising mortgage rates and shortages of land and skilled workers took a toll on builders in 2018. The construction industry posted its slowest growth in seven years. The value of.

In the months following a rate increase by the Fed, interest rates briefly popped up a bit, going from 9.66% in November 2015 to a 10.03% rate in February 2016. However, there was a 0.81% increase in the average personal loan interest rate between August and November 2017. There was no increase in Federal Reserve interest rates at this time.

Mortgage Applications Teeter as Rates Rise Don’t let student loans keep you from buying a home Don’t Let Student Loans Keep You Homeless There’s no denying that student loans for many people are a necessary part of going to college but they can literally become a burden if they are not paid off in a timely manner.