AS RATES MOVE UP...

Posted By @ Feb 6th 2015 2:57pm In: Charleston

Mortgage rates have not budged, remaining at historic lows throughout the year amid economic growth that has generated 2.5 million net new jobs over the past 12 months   But uncertainty looms in  light of Federal Reserve Chair Janet Yellen's announcement that the economic stimulus program known as "quantitative easing" will halt by year's end/  Moreover, an increase in the short term Fed funds rate is expected by the middle of 2015.  The course of US monetary policy, in short, will be less accommodating going forward.  Sooner or later rates will rise.


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