Tag: Federal Reserve

The Fed Raises Rates – So Now What?

As expected, the Federal Reserve raised short-term rates today. This is the first such increase they’ve made in a year, and the second in a decade. So what’s it mean for real estate mortgages? The Federal Reserve is the bank of the United States – they regulate monetary policy, and they provide stability within the central banking system. And while an increase in short-term rates might seem to be a bad thing, it’s actually an indication that the Fed sees the US economy in positive terms, and is bringing interest rates up to better mirror inflation. While it’s true that mortgage …

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Federal Reserve and What It Means For Interest Rates

Allow me to introduce Brandon Nicely, branch partner in Alcova Mortgage here in Blacksburg.  The mortgage industry is literally changing on a daily – and sometimes hourly basis – and Brandon’s going to be bringing us the straight talk on what’s really going on in the industry, what’s happening with rates, and what to expect going forward.  And we’re going to hold him to every word, it’s as good as gold!  Okay … we’ll give him a little leeway. He’ll be posting things here on the blog from time to time, if there’s something you want to know, email me …

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