Interest Rates Rising? Fed May Start Reversing Programs in Nov.

I

Hisham Ibrahim, PhotoDisc, Getty Images

Fed policies influence mortgage rates, and the Fed’s latest announcement suggests it will cut back its bond-buying in Nov. and hike interest rates sometime next year. The Fed currently buys $40B in mortgage bonds per month, and any cutback could add to the cost of a home loan.

Comments

Popular posts from this blog

Here are 3 smart moves every first-time homebuyer should know right now. Always get pre-approved before you start looking at homes online. Factor in things like property taxes and home insurance into your budget. And be sure to get an inspection, so you’re not caught off guard by costly repairs. While they may sound simple, these tips matter. And if you haven’t bought a house before, you may not realize just how important they are. Do you want more advice to make this process easier? DM me and let’s chat.