Why Mortgage Rates Keep Increasing – Update
Rates have increased a full 1.0% since December 3rd, 2021. Why are interest rates going up? Of course, there is a simple and not so simple answer. Here is the simple answer: The FED (Federal Reserve) has a board that makes decisions on short-term interest rates. The FED plans to raise short-term rates in .25% increments. The problem is … Read more