What are Interest Rate Hikes?
Interest rate hikes, orchestrated by central banks like the Federal Reserve in the US, represent an increase in the target federal funds rate. This rate is the benchmark interest rate banks charge each other for
Tag: mortgage rates
Rising Rates? Your Mortgage Questions Answered
What are Rising Interest Rates, and Why Are They Happening?
Interest rates are the cost of borrowing money. When rates rise, it becomes more expensive to borrow, impacting things like mortgages, loans, and credit card debt. Several factors influence interest