May 3rd, 2018
At their policy meeting yesterday, the Federal Reserve decided to leave interest rates unchanged due to inflation being close to target levels. The FOMC will reconvene in June, where they are expected to raise the federal funds rate. According to experts, we can expect to see 3-4 more rate hikes in 2018.
Tip: This is a great opportunity to bring some urgency to your borrowers who are on the fence about refinancing or purchasing. With this temporary break in rates, now's the time to pull the trigger.