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December 19, 2015
Focus Homes provides information about financing and mortgages for its customers
Focus Homes provides information about financing and mortgages for its customers
Learn how the federal funds rate increase may affect your new custom home mortgage – shared by Focus Homes, the custom home experts

Diana Olick, a CNBC Real Estate Reporter, wrote a good article about the recent increase in the federal funds rate and I wanted to share it so that families looking to build a custom Focus Home in Central Florida can understand what this might mean for their mortgage rates.

“The Federal Reserve did it — raised the target federal funds rate a quarter point, its first boost in nearly a decade. That does not, however, mean that the average rate on the 30-year fixed mortgage will be a quarter point higher when we all wake up on Thursday. That’s not how mortgage rates work.

“Mortgage rates follow the yields on mortgage-backed securities. These bonds track the yield on the U.S. 10-year Treasury. The bond market is still sorting itself out right now, and yields could end up higher or lower by the end of the week.”

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If you are thinking about moving and building, and like the idea of a top-quality, one-of-a-kind custom home designed to your specific style and needs, call or text (863) 640-2246 now, or contact us online today!

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