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After almost ten years, the Fed raised rates, and wait until you see what happened to mortgage interest rates |
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 So, after almost a decade, the Fed raised rates. What happened to mortgage interest rates? Per the graph above, not much has happened thus far. Rates have edged up a bit over the past few weeks, and have headed back into the 4-point-something territory, but we were there (and a bit higher) as recently as this past summer, so that's not necessarily new territory. Maybe if we look back a bit further, we'll see that this rise to 4.01% is really disastrous?  Nope! If we look back over the past three years (2013-2015) we'll notice that there as a long time frame during those years (shaded in yellow) when the rates were above 4 percent. So, we'll see where things go from here, but thus far, the Fed's actions do not seem to have resulted in an end to super low mortgage interest rates. | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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