Dennis Lynch of Rumson, NJ, Explains What the Fed Interest Rate Hike Means for Homebuyers

Dennis Lynch, the once high-flying portfolio manager turned homebuyer in Rumson, NJ, explains what the Federal Reserve’s decision to raise interest rates Wednesday means for homebuyers and will impact homeowners considering refinancing their mortgages. “The Fed’s decision to raise interest rates is not going to affect the average person in their everyday life,” says Lynch, …