How Feds raising interest rates effects you

[Walter Purdy]

If you haven't heard already, the federal reserve raised rates yesterday by 25 basis points & they are projecting to do 3 more rate increases in 2017. If you're an investor with a HELOC out, this is the time to roll that into a fixed rate mortgage to avoid paying dearly with every increase they implement. If you're a realtor this is a great opportunity to encourage your clients to make a decision on wanting to sell their home & move into a new one while rates are still appealing. If you'd like to know more on how to best handle the increases reach out to me. My office is in Summerlin area of Vegas but i provide funding all over US through my website.

[Jay Hinrichs]

@Manuel Angeles has no bearing on most HML companies.. unless they have commercial loan facilities that are tied to prime..

whats affecting HML rates and bringing them down is the competition from crowd funders and a bunch of other very cashed up companies jumping into the space the last 2 years.

IN CA I am closing a loan this week at 1 and 7.99.. .un heard of in years past.

my commercial best rate loans  FULL DOC etc etc are 1 and 5.5...