In the News

Title

Though the Fed Will Not Raise Rates in June, Homeowners Should Refinance Now

Document Type

Article

Publication Date

6-6-2016

Abstract

The Federal Reserve will not raise interest rates during their June meeting due to the weak employment report, giving homeowners another opportunity to refinance, said Greg McBride, chief financial analyst for Bankrate, the North Palm Beach, Fla. based financial content company.

"The disappointing May jobs report takes the idea of a June rate hike off the table," he said.