Rate Increased .25% Wednesday with Promises of a Faster Pace of Rate Increases to follow WASHINGTON, DC — The Federal Reserve raised interest rates Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-09 financial crisis and recession. In raising …
While Fannie and Freddie have introduced rate hikes over the past few weeks and tightened underwriting as a means to slow lending activity. The rate increases have amounted to about a 50 basis point total increase in their rates. Fannie Mae (FNMA/OTC) then announced yesterday “Green Rewards”, a new multifamily financing option that helps owners …
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