Source: Jeff Ostrowski | MSN.com | September 14, 2020 The Federal Reserve’s interest rate decisions influence the rates you pay for home equity loans, HELOCs and adjustable-rate mortgages. While the central bank has signaled that low rates are here to stay, if you have a loan with a variable rate, you should understand the stakes. The Fed is responsible for setting the federal funds rate, the interest rate banks charge each other for overnight loans to meet reserve requirements. Home equity loans and … [Read more...]
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How the Federal Reserve affects ARMs, HELOCs and home equity loans
Filed Under: Agent Directory, Blog, Buyers, Featured Blog Posts, Market Updates, Properties, Sellers, Slider, Uncategorized Tagged With: Arcadia, Blog, Buyers, Featured Blog Posts, low mortgage rates, Market Updates, Mortgage, Phoenix Real Estate, Phoenix Real Estate Market
