A blog about mortgages, including the markets that drive rates and what the heck that means to the average Joe. Published specifically for the 800+ clients currently enjoying The Chris Jones Group Experience. Others, naturally, welcome. It's a big tent, if you know what I mean, and I think you do. The Chris Jones Group is a proud branch of City 1st Mortgage Services, LC.
As expected by pretty much everyone with a brain, the Fed raised
interest rates again today, up now 2.75% from lows of only a year ago.
The prediction is that he will keep right on going the next two
meetings, November 1 and December 13. Merry Christmas. That last rate
hike will make the Prime Rate 7.25%, its highest rate since the previous
millenium.
More later.
posted by Cj @ 13:55
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I'm a reader and a writer, companion to Jeanette and father of eight. I love mortgage finance, and especially the clients that have become part of my family.
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