HighTechLending, Inc. NMLS # 7147

The Federal Reserve announced significant rate increases and warns of a “housing bubble”

Early on in the pandemic the Federal Reserve (FR) slashed the Federal funds rate (FFR) (the rate it charges to banks for overnight borrowing) to stimulate the economy.  This was to combat the 22 million Americans that could not work and were unemployed.  This huge drop in FFR has an…