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Thinking of a mortgage? Don’t fret about the Fed
Current interest rates and loan affordability are the most important factors
From the South Florida website: People should not worry about what the Federal Reserve might do, or not do, when deciding to finance or refinance a home.
A mortgage borrowing decision should be based solely on current interest rates and whether a loan is affordable.
There is widespread anticipation that, as soon as September, the Fed will raise the interest rates that banks charge each other for overnight loans, which has been near zero since 2008. [more]