The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

how a recession could impact your home buying

What the Federal Reserve rate increase means

By Scott Sheldon / April 24, 2022

The Federal Reserve increased the Fed funds rate by 25 points to slow down the highest inflation seen in 30 years. As a result, here’s what this means for interest rates, credit cards, and home equity lines of credit.   In short, everything is going up. Mortgage rates are also higher but not because of…

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