Mortgage Rates Rising as Fed Decision Looms

Banks have been increasing mortgage rates as predictions of a Federal Reserve rate increase have reached 93.8% for a quarter-point increase. Rates for a 30-year fixed mortgage have climbed to 6.76% according to the Freddie Mac average.

Action Line: Will the Fed raise rates? Your Survival Guy is not in the interest rate prediction business, and you shouldn’t be either. Build a plan for your portfolio that doesn’t rely on the Fed to raise or lower rates. When you need help, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.