PROTECT YOURSELF FROM FED RATE HIKE

Jeannette Thompson

Published 3 months ago

9 Views

We wanted to get this video out to explain the Fed Rate Hike planned for this week...this is rate increase #2 of this year. Why? - They need to do this in order to slow down inflation which is currently at 8.5%. How to protect yourself? - You need to review and convert all of your short term debt (equity lines, HELOCS, credit cards, etc.) and move into long term (good) debt. Long term debt/mortgage stays at a low interest rate, protecting you from fluctuations like this in the market.

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National Rate Averages

Conf. 30Y Fixed

5.42^%

0.023

FHA 30Y Fixed

5.333^%

0.005

Jumbo 30Y Fixed

5.163^%

-0.169

Rate averages are calculated from actual locked rates. Learn more.

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