Tag: fed

How High Will Interest Rates Go This Year?

Posted on August 7, 2017 by - Buying a Home, FHA Mortgage, First Time Home Buyer, Local Michigan, Mortgage Tips

Mortgage interest rates have been slowly increasing since they plummeted following the 2008 financial crisis. Twice this year already, the Federal Reserve has raised interest rates, which, in turn, raises the rate at which banks loan out money for mortgages. But are they done raising rates this year, or could more hikes be on the… Read more »

Fed Rates to be Low Until 2014

Posted on January 26, 2012 by - Local Michigan

The feds have just announced that they will be keeping the Federal Reserve rates low until 2014.  In the past they announced that rates would remain low until the middle of 2013, which helped the market confidence and ensures recovery.  The recovery has been present however it has not been as “booming” as economic analysts… Read more »