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PROTECT YOURSELF FROM FED RATE HIKE

Jeannette Thompson

Published 3 weeks ago

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

5.328%
0.005

FHA 30Y Fixed

5.217%
-0.031

Jumbo 30Y Fixed

4.902%
0.079

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

Additonal Resources

If you are thinking about buying a home… DON’T WAIT!

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How Today’s Mortgage Rates Impact Your Home Purchase

Published 1 week ago

PROTECT YOURSELF FROM FED RATE HIKE

Published 3 weeks ago

Yes, Rates Are Rising – But Buying a House Is Still a Good Idea

Published 1 month ago

Home Loans, LLC

Company NMLS# 1850117

202 Main Street
Frisco, CO 80443
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