Since March 2022, when the Fed started raising rates in an effort to combat inflation, there has been a significant disparity in borrowing costs. Early in 2022, the rate for a standard 30-year mortgage was at 3.2%; today, it is 6.8%, making the monthly mortgage payment on a typical $300,000 property 50% more expensive. In … Continue reading For the first time in 15 months, the Federal Reserve is delaying interest rate increases. What it means for consumers.