The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. All in the name of slowing inflation. The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The […]
Mortgage
Syda Productions / Shutterstock.com Editor’s Note: This story originally appeared on Point2. If you’ve ever asked yourself how much mortgage you can afford, getting prequalified is one of the first ways to find out. The process is actually pretty quick and easy, and you don’t really have anything to lose. […]