• BSM

The Fed

The Federal Reserve lifted its benchmark short-term interest rate by a quarter percentage point and is likely to have a domino effect across the economy.


Consumers with credit card debt, adjustable-rate mortgages and home equity lines of credit are the most likely to be affected by a rate hike, says Greg McBride, chief analyst at Bankrate.com. He says it’s the cumulative effect that’s important, especially since the Fed already raised rates in December 2015 and December 2016.

These interest rate hikes could add up to hundreds of dollars per month in extra fees for credit card, adjustable-rate mortgage and HELOC borrowers. (Source: USA Today)


For those Mainers of Floridians with Second Mortgages or Adjustable Rate Mortgages, please give me a call at 207-899-5354 if you would like to talk about a possible money saving refinance. Reach out to us at 207-899-5354.


Blue Stripe Mortgage
Office: 207-883-2003

Company NMLS: 926200 

 

Licensed in Maine / NBC642663

www.nmlsconsumeraccess.org

Blue Stripe Mortgage is a family business that is locally owned and operated in Scarborough, Maine. We have been helping clients throughout the entire state of Maine with their mortgage needs since 2005. Whether you are purchasing a new home, or refinancing your current home, we will guide you through every step of the mortgage process with ease.

 

We care about saving you money, that is why we NEVER charge an Application or Pre-Approval Fee. We work with a wide variety of Lenders and can assist you with Conventional, FHA, VA, USDA / Rural Development, and Jumbo mortgage products.

 

We want to earn your business, and the business of your friends, family, and co-workers. Whether you are a first-time or seasoned home buyer, looking to refinance your existing home, or seeking an investment or vacation property, let Blue Stripe Mortgage be your trusted Maine Mortgage Broker. 

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