Prime Rate

Dated: 12/14/2016

Views: 86

Many of you may have already heard but just in case you haven’t, the Fed. raised the prime rate today by .25%.  Right now the prime rate is 3.75%.  While this rate doesn’t necessary have a direct effect on mortgage interest rates , the Fed. also said they anticipated the prime rate to increase at least 3 more times in 2017.  This statement did have an impact on rates today and mortgage rates increased slightly.

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