Policy Rates Expected to Increase Next Year

FOMC September 2021 Meeting Takeaways

After a September meeting, the Fed (Federal Reserve Officials and the Federal Open Market Committee or FOMC) announced they'll "soon" start tapering the asset purchases they used to bolster the economy through the pandemic, and they expect to raise policy rates next year.

Both of these actions could lead to higher mortgage rates. If you're interested in refinancing your mortgage or purchasing a home, it may pay to act soon. Get in touch today to discuss your possible options.

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