The Fed raised interest rates another half percent yesterday to combat inflation. The prime rate, which is the lending index for most private out of home companies, has more than doubled over the past year as you can see below. The Federal Reserve signaled yesterday that there may be one […]
By Ken Altena, Partner, Billboard Loans LLC. Get ready for more interest rate increases this year, and possibly next, based on the Federal Reserve’s new median forecast, which signals another 1.25% this year to 4.5% and even more in 2023. Borrowers are fearful this will not be the last of […]
The federal reserve may raise interest rates according the the New York Times. Interest rates have been low for the 8 years since the Great Recession. Rates can rise pretty fast in the later stages of a recovery. The following chart shows that the Prime rate rose from 4% in 2003 […]
