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For consumers with credit-card debt, Fed rate hike will sting – And rising interest rates are only going to hurt these consumers. The Federal Reserve is expected to raise interest rate by a quarter of a percentage point on Wednesday with two more penciled in for.
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Compare interest-only mortgages for investors and home buyers and read more about how these home loans work. It’s true that lenders are getting stricter about giving interest-only loans to borrowers.
When you’re looking for a home, your mind may not be on your credit score, but it should be. Here’s how much a bad credit score can cost you on a mortgage.
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