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Interest Rate Increase Expected This Year, Possibly As Early As This Summer

May 23, 2016  |  by Ellen

dreamstime_xs_61979268A recent article in Reuters suggests that not only will there be another increase in interest rates this year, it could come sooner than expected. Previous estimates pegged September as the month for the increase, but comments from New York Federal Reserve President William Dudley seem to suggest the economy is showing enough signs of strength that it could happen when the Feds meet in June.

For those of you with buyers hoping to secure a mortgage in the near future, this might be a helpful article to send their way.

Posted in Blog, Industry News

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