Fed rate hikes have an impact in many sectors and age groups as this article attests, but limited direct ones on mortgage rates
We’ve seen some significant reactions recently to Fed rate increases that might be impacting folks, including my readers, in ways they might not be considering. Fed rates are for the shortest rate period possible while mortgages are typically 15 or 30 year instruments so Fed rate actions do not always correlate to the mortgage market. Call if you have any questions about our conjecture on the path of mortgage rates.
Check out this article to see how rate hikes impact you.
