CIS adapts to Fed’s interest rate hikes

HAMILTON - The Federal Reserve’s interest rate hikes have led to some necessary adjustments with a local mortgage bank, CIS Home Loans.
According to CIS Home Loans President Paula Reeves, due to developments in the mortgage market, it was necessary to lay off 14 employees in late November.
“We are very much financially sound, these adjustments were necessary to make sure that we stay financially sound,” Reeves said.

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