As of September 2022, the Federal Reserve has increased its benchmark rate four separate times, increasing the federal funds rate to a range of 2.25% to 2.50% from zero percent. The Fed’s actions are in response to severe inflation, with the central bank’s actions expected to cool the economy and reduce the inflation rate. But what about the question: is borrowing a good idea during rate hikes?
Throughout 2022, the Federal Reserve has moved decisively to tame inflation, with several interest rate hikes totaling 2.25 percent in less than six months. Will the Fed continue to increase rates to slow inflation, or will interest rates fall in…
For prospective homeowners, one of the most critical factors in the buying process is the mortgage interest rate. Unfortunately, those interested in buying a home have endured a challenging year in 2022. Specifically, we are talking about the Federal Reserve interest rate hike.
Homebuyers throughout the Southland and across the nation enjoyed rock bottom interest rates for many years, which fueled a buying frenzy throughout Los Angeles and caused values to skyrocket. However, the recent interest rate hikes from the Federal Reserve in 2022 have already impacted the industr