Friday, December 16, 2016

Banks increase prime lending rate after Fed hike announcement

After a long hiatus, big banks raised their prime lending rate immediately after the Federal Reserve finally elected to increase the federal funds rate. However, there are negative side effects to the increase, especially when it comes to housing. http://www.housingwire.com/articles/38777-banks-increase-prime-lending-rate-after-fed-hike-announcement ❤️ #share #mortgage



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