Federal Reserve to Announce Rates Decision Today

The Federal Reserve will announce its latest decision on interest rates today at 2:00 pm. The economy has remained strong around the country recently, and the next labor market data report that will be out on Friday is expected to show strong growth in employment.   Due to these factors, many observers expect a rate hike today. An increase would adversely affect homeowners with adjustable rate mortgages and consumers with other credit lines with adjustable rates. One positive note for consumers is that banks could begin offering higher interest rates on checking, savings, and other interest earning accounts.

Buying or refinancing a home in the metro Atlanta area or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net to discuss out low home mortgage interest rates.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.