The Fed Interest Rate Increase

18 Dec

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