Interest Rates

/Tag: Interest Rates
25 05, 2018

Rising Interest Rates and Selling Your Mortgage Note

2018-05-25T10:45:23+00:00

Do Rising Interest Rates Make Selling Your Note a Better Way to Secure Cash for Personal Needs? During the financial crisis of 2008, the Federal Reserve lowered the federal funds rate. This meant the prime rate - the interest rate on which banks base their lending rates for consumers - was lowered as well. They did this to encourage banks to lend money and spark economic growth. As the economy improved between 2008 and 2015, the Federal Reserve has gradually increased the federal funds rate. In fact, they have raised it six times since 2015. There are at [...]

Rising Interest Rates and Selling Your Mortgage Note2018-05-25T10:45:23+00:00