Long term rates unaffected by recent Fed action

The Fed raised short term interest rates last week. FYI – to date, it has only helped long-term interest rates come down…albeit slightly. What it really affects are people who carry balances on their credit cards, Home Equity Lines of Credit and Adjustable Rate home loans. If you are on the fence for a fixed rate mortgage, purchase or refinance…this is a good time to take advantage. Call Michael Mitchell for more information! 530-406-2200, 707-259-1117 or mobile at 707-337-5970!

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