Description

The Fed raised the interest rates for the sixth time in nine months prompting many of my clients and listeners to ask “what does this mean for me?”

Matt Robison and I sit down to talk about the ramifications of the doubled federal interest rate on this week’s podcast. In a nutshell, the rate increases impact your financial planning in a few negative and positive ways:

• Mortgage Rates - Now is not the time to buy a home
• Home Equity / Construction Loans - You might want to think twice about borrowing for renovation projects
• Savings - You will FINALLY earn some interest on your cash
• CD’s - Some brokerage products are offering 3%-4% interest, something we haven’t seen in almost 20 years
• Stocks - It’s like Black Friday: with the 25% market decline now is the time to buy stocks

Tune in to hear more about the interest rate impact on your financial future.

Learn more about Mike and my services athttps://www.mortonfinancialadvice.com and connect athttps://www.linkedin.com/in/mwsmorton/

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