Low Rates Now But Not For Long

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The Fed Move Today We have low rates now but not for long.  This is because the Fed is going to begin an aggressive tapering next year.  So while they’ve kept rates low today, rates will surely rise next year.  Chairman Powell said that he expects 3 rate hikes next year.  Inflation is now seen as persistent and as a serious threat to the economy.  This is why the Fed…

What Do Higher Rates Mean For You

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What do higher rates mean for you?  Does it even make sense to talk about this now?  After all, while rates sometimes rise, they reduce a few days later. However, change is coming.  Because the future will be different,  I believe the time is now to discuss this. Expect mortgage rates to be higher next year.  Let’s talk about why this will happen and what’s best for you. The Fed,…