TL;DR
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For the first time in 18 months, the Federal Reserve has decided not to raise interest rates!
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What does that mean? It means our mortgage and credit repayments aren’t about to go up. This pause in increases is the first step towards eventual rate cuts.
Full Story
Alright, ready for a quick hit of good news before the weekend starts?
You know how every month or so for the past 8 months we’ve written a story on interest rate hikes?
And every month, as businesses go under and banks collapse, the market sentiment is always something a long the lines of:
‘Suuuurely now the Federal Reserve is going to stop hiking rates??’
…but each time, we see an increase, regardless?
Well. We have some good news!
For the first time in 18 months, the Federal Reserve has decided not to raise interest rates.
What does that mean?
It means our mortgage and credit repayments aren’t about to go up.
And while they’re not about to go down either – this pause in increases is the first step towards eventual rate cuts.
We love to see it!
