On March 16, 2022, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the benchmark federal funds rate by 0.25% to a target range of 0.25% to 0.50%.
Home renovation TV shows popularized the concept of house flipping, and many people are trying to get in on the game. If you’re interested in purchasing a property to renovate and sell, you’ll need the funds to make it happen.