You Cannot Say There Was No Warning!

Fed Minutes Released and Rates Going Up in December

Interactive Mortgage
Created by Interactive Mortgage (User Generated Content*)User Generated Content is not posted by anyone affiliated with, or on behalf of, Playbuzz.com.
On Oct 13, 2017
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Fed Gives Fair Warning

Minutes from the latest Fed meeting were released on Wednesday and the Feds are not pulling any punches in regards to their next move. The Fed plan is to raise rates in December which will have an impact on the credit market and mortgage interest rates.

Typically, the Federal Reserve moves rates up to temper inflation, but inflation has remained tame. The Fed is taking the position that a medium term outlook warrants this increase in rates. More information regarding this outlook can be found in this article (click here.)

Borrowers that are refinancing before rates rise are taking advantage of low refinance rates before the inevitable happens. Many industry analysts have been encouraging homeowners to act and not lose the chance at refinancing for cash out or other needs.

(Click here to check on today's mortgage rates.)

How many times do you think the Feds will raise rates in 2018?

Calculating results


Warning by Incubus

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Incubus's song "Warning" touches on not letting life pass you by. (Today's low mortgage rates shouldn't pass by us either.)


The Fog Warning painted by Winslow Homer (1885)

The Feds are not painting as memorable of a picture with their announcements, but their warning is clear.



Article written by Ron Radziminsky, Chief Administrative Officer of Interactive Mortgage. Ron is a mortgage industry veteran of 25 years and has helped lead some of the largest independent mortgage bankers in the industry.

We also extend a thank you to cnbc.com for information and the link included in this blog post.

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