The Federal Reserve Rate Hike And Its Impact On Consumer Debt!
![Aggregate household debt balances](https://www.hallmarkabstractllc.com/wp-content/uploads/2018/06/Screen-Shot-2018-06-14-at-9.26.17-AM-150x150.png)
Yesterday the Federal Reserve raised its key fed funds rate by .25% and signaled that they would likely raise two more times in 2018! For consumers who have a record amount of debt outstanding (a level over $13 trillion that’s $280 billion higher than the 2008 peak and 16.2% above the 2013 trough), the good […]