Tag Archives: Rates are set to rise

Rates are set to rise

At the time of this article was written, the unemployment rate had just dropped to 7 percent and the economy’s three-month average of job creation was approximately 180,000 per month. While this number was far from being great, at least it was moving in the right direction. On Feb. 1, Janet Yellen will become the first female Federal Reverse board chairperson. While she is known for being less concerned about inflation and willing to keep rates down longer, other economists are convinced that the Fed will have to start reducing its bond purchases, which will undoubtedly increase interest and mortgage …

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