Rising Rates Got You Down???
Mike interviewed Kelly Ann Worthington from Liberty Home Mortgage in Willoughby Hills.
The federal rate has been increasing to try to slow inflation. The secondary mortgage market is who determines mortgage interest rates.
The market will be unstable for 2 weeks after the Fed meets.
Loan products are not good or bad; it depends on your situation. An ARM may be good if you will only be in the home a short time.
Listen to our PODCAST for more on this timely subject!
To reach Kelly Ann: TEXT 440/346-6003 or Email [email protected]