This December, the Federal Reserve will be conducting its final meeting of the year. During this meeting, we can expect the chairman of the Federal Reserve to make announcements concerning interest rates for the next year. Here at Low VA Rates, we are expecting the interest rate to rise .25%, which would mean this is the fourth time this year the interest rate has risen, accumulating to one full percentage increased.
Interest rates may continue to rise throughout 2019. However, some economists are saying that the interest rate may start to even out and stop increasing. So what does this mean for you? Minimum payments on credit cards will go up. Student loan rates will also go up. These rates are often impacted immediately. Mortgage rates are a different story. They are not affected immediately, but you may start to see mortgage rates slowly increasing after this Federal Reserve meeting. If you have been thinking about buying or refinancing a loan, you should act now. If you wait, mortgage rates could increase substantially, which means more money you have to pay. Call Low VA Rates for a free consultation and advice on how to purchase a home.
Low VA Rates is committed to helping you find the home loan that is best for you and your financial situation. We are VA mortgage experts and have a strong track record of helping veterans take full advantage of their VA rights and benefits. We can do the same for you. Get started for free today and find out how much you can start saving.
This video is not intended for residents or homeowners in the states of WA, NY or MA.
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