What The Fed Rate Increase Means For You.

Here we go again… As expected, and going against the wishes of some, the Fed increased policy rates by a quarter percent at their December meeting. This is the fourth hike this year and the ninth since 2015. Previously, the benchmark rate was kept at a record low for seven years. Who is the Fed? The Federal Reserve Board (the…

Waiting a Year to Buy a Home

So, you are thinking of waiting a year to buy a new home. Buying a home is one of the biggest decisions you will make in your life.  Most people want to get started well in advance no matter if they are buying their first home or selling their current home to downsize or upgrade.  Two of the most important…

Interest Rates Rise For The First Time in 2016

Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017 Central bank will nudge up the federal-funds rate by a quarter percentage point to between 0.50% and 0.75% WASHINGTON—The Federal Reserve showed increasing optimism about the U.S. economy and signaled interest rates would rise at a faster pace than previously projected, as it unanimously approved its second…