Contact

What Is A Blended Rate And How To Stop It From Going Up

Wade Betz

Published 2 months ago

Hello,

As expected, the Feds increased rates again by .75%, so let's relook at what that means to you and how to protect your family moving forward.

So far, the Fed's four hikes in 2022 have increased rates by a combined 2.25 percentage points — which means consumers are now paying an extra $225 in interest on every $10,000 in debt.

.........................................

What Moved -

Feds move " short term " rates, which would be your credit cards and equity lines of credit. What most think they moved is long-term debt, which are mortgages, which they can't directly unless they buy or sell mortgage-back securities.

.........................................

Why They Moved Them -

They need to do this to slow down inflation, which means they need to slow down the speed at which the economy is growing.

.........................................

How Long Do They Plan To Increase -

They will do it as long as inflation in our economy, which I think into Fall or Q3.

.........................................

How to protect yourself -

This is where we need to think things out and create a plan for you and your family. Because, until now, most consumers have not felt those rate hikes, but with back-to-back .75% rate hikes, your 10k in credit debt increased 150.00 per month in the last 30 days, and that's about to become a problem.

.........................................

The videos I have added show you a Two-Step Plan for turning bad debt into good debt. Plus, the second step is to prepare you if we move into a recession.

Fed Announcement for July 2022

States I Can Lend In

Real Producers Spotlight

National Rate Averages

Conf. 30Y Fixed

6.651%
0.065

FHA 30Y Fixed

6.455%
0.01

Jumbo 30Y Fixed

6.315%
0.178

Rate averages are calculated from actual locked rates. Learn more.

Additional Resources

Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting

Published 2 weeks ago

New “Unofficial” Conforming Loan Limits for 2023

Published 3 weeks ago

Looking past the headline: Bank of America’s “new” CRA loan

Published 1 month ago

How to Maintain Your Pre-Approval

Published 1 month ago

How to Win In Today’s Real Estate Market

Published 1 month ago

How To Maintain Your Buying Power in a High Rate Environment

Published 2 months ago

Axen Mortgage

Company NMLS# 1660690

3100 W Ray RD STE 201 Office # 209
Chandler, AZ 85226
  • Equal Housing Opportunity Logo

Legal Disclaimer

We hereby authorize you to view and print information on this website subject to it being used for informational and non-commercial purposes.

The information contained in this website is believed to be reliable, but we do not warrant its completeness, timeliness or accuracy. The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website – and the terms and conditions of the access to and use of such information and materials – are subject to change without notice. Products and services described may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

It is our intention that data provided on a subject is of a general nature. Our website does not represent an exhaustive treatment of subjects nor is the information intended to constitute accounting, tax, legal, consulting or other professional advice.

Prior to making any decision or taking any action we kindly request you to contact your tax or legal advisors.

Please use this document and information at your own risk. The content of this site is copyrighted and therefore any unauthorized use of any materials on this website may violate copyright, trademark, and other laws.

Materials on this website may not be modified, reproduced, or publicly displayed, distributed or performed for any public or commercial purposes prior to our approval.

© 2022 Lender Launchpad. This is not a Government website. Lender Launchpad and its products are not endorsed by the Department of Veterans Affairs or the US Department of Housing and Urban Development. The content on this site is for educational purposes only and is not an advertisement for a product or an offer to lend. If you have questions about the loan officers featured within our lender directory, please visit the Nationwide Mortgage Licensing System & Directory for more information and to check their licensing status at https://www.nmlsconsumeraccess.org