Federal Reserve Announces Rate Increase

Federal Reserve Announces Rate Increase

 The Federal Reserve announced today (12-16-15) a federal funds rate hike.  However, it was only 25 basis points (or .25%).  More importantly, rates are not expected to jump significantly, but rather gradually over an extended period of time.

Source: Academy Mortgage-Randy Bongard-Senior Loan Officer-BONGARD GESSNER TEAM | NMLS: CA-DOC832622

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Dated: December 17th 2015
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