Federal Reserve interest rate hikes to raise payments for debtors in Florida

By Marrero, Chamizo, Marcer Law, LP,

Credit cards, adjustable-rate mortgages and home equity loans tie their interest rates to a rate set by the Federal Reserve. This rate establishes the cost of short-term loans between banks, and increases ripple out to Florida borrowers and affect their payments. The Federal Reserve has already raised this critical rate twice in 2017 by one-quarter…

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