Mortgage rates have risen modestly since the Fed announced higher overnight interest rates for banks and credit unions. Here’s how you can beat them.
The Federal Reserve raised the cost banks and credit unions must pay to borrow money overnight. Here’s how it will affect mortgage borrowers.
Is the Federal Reserve moving to make mortgage loans more difficult to get? In a cryptic and mysterious message to lenders, the Fed says that “prudent underwriting practices have deteriorated.” You read this and wonder what, exactly, is the Fed talking about? The lending process has been greatly simplified during the... Read more