Mortgage Rates Start Summer Near 2017 Lows … Will It Hold?

Posted from: https://www.zillow.com/blog/mortgage-rates-summer-2017-217563/

This month the Federal Reserve hiked rates for the third time in seven months. Does this mean the end of low mortgage rates? Let’s take a closer look to see how it impacts your home-buying and refinancing plans.

What is a Fed rate hike, anyway?

The Fed Funds Rate is an overnight bank-to-bank lending rate. While this rate isn’t available to consume…

Posted from: https://www.zillow.com/blog/mortgage-rates-summer-2017-217563/

This month the Federal Reserve hiked rates for the third time in seven months. Does this mean the end of low mortgage rates? Let’s take a closer look to see how it impacts your home-buying and refinancing plans.

What is a Fed rate hike, anyway?

The Fed Funds Rate is an overnight bank-to-bank lending rate. While this rate isn’t available to consume…

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