You might have heard that the Federal Reserve will began raising interest rates for the first time in a decade. The first raise was only .025% but will continue to raise them in 2016 and 2017. Currently it’s effect on mortgage rates is minimal with a moderate increase in upfront closing costs or decrease in lender credits. If you have more questions on how this rate hike will affect your upcoming Arizona home purchase call United Mortgage at 480-503-3533 http://goo.gl/6gJjBh
United Mortgage Financial Group 