Federal Reserve Hints at Future Rate Hike(s)

Although the Federal Reserve left interest rates unchanged after its latest meeting on August 1st, minutes released from that meeting indicate that the Fed may raise interest rates soon to balance the current strong economy and to lower the rising risk of inflation. The Fed has already raised rates twice in 2018, and analysts expect at least one and maybe two more interest rate hikes before the end of the year.

Buying a new home or refinancing a home loan in metro Atlanta or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net to discuss our mortgage interest rates and mortgage loan application process.


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