Fed Rate Hike: What It Means for Mortgage Rates

What the rate hike means for mortgage rates. A flattened yield curve means that short-term bonds pay almost as much interest as long-term ones. Typically, for instance, a 10-year bond will pay an investor a much higher interest rate than a 2-year. As recently as January 2014, the difference in rate, or "spread," between these two bonds was 2.6%. In December, it hit a low of 0.53%.

If the spreads are wide, it means. Rate. We believe the Fed Funds Rate is the single largest factor influencing repo rates over the last decade. The best-case scenario for the residential.

In fact, Fed interest rate hikes impact all revolving loans with variable rates. That means the federal funds rate directly impacts interest rates on credit cards, adjustable-rate mortgages, home equity lines of credit and even certain student loans.

What happened after the last Fed rate hike. Rates on 30-year fixed-rate mortgages averaged 3.97% prior to the last Fed rate hike on Dec. 16, 2015, according to Freddie Mac.

. year fixed mortgage rates hit a 2017 high last week as the average jumped to 4.21% in anticipation of the Fed’s move Wednesday and another similar hike. That is up from a year ago when the average.

Fed interest rate hike: What higher rates mean for you, at any age. Higher rates can mean different things to people, depending on where they are in life.. The fed funds rate and mortgages.

mortgage rates today, January 30, plus lock recommendations Mortgage rates today, November 30, plus lock recommendations Mortgage rates were only slightly higher today, and didn’t rise enough to make it above the. Highest rates in more than 7 years in oct/nov. 8-month lows by the end of the year This is a bit of a.

But the Fed’s action, and the expectation that it will raise rates again in the coming months, has important implications for mortgage rates, as well as your ability to buy a home or refinance your loan. Rates on 30-year fixed-rate mortgages averaged 3.97% prior to the last Fed rate hike on Dec. 16, 2015, according to Freddie Mac.

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But even an expected interest rate increase can have some very real consequences. Here’s what this latest move means for mortgage rates. The Fed hikes, mortgage rates head-fake. Before this third short-term rate hike in just six months, fixed-rate mortgages were barely off 2017 lows.

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The Federal Reserve hiked short-term interest rates by 0.25 percentage point today, in line with nearly universal expectations. The Federal Reserve hiked short-term interest rates by 0.25 percentage point today, in line with nearly universal expectations.