Close

Find Your Next Home

December 18, 2015

The Fed Interest Rate Increase

December 18, 2015

The Fed Interest Rate Increase

On Wednesday, the Fed increased its key interest rate for the first time in 7 years – by .25%. So far, it has had a tremendous effect on the FHLMC average 30-year mortgage interest rate: It soared from 3.95% on 12/10/15 to 3.97% on 12/17/15.

image001