Mortgage Rates Might Go Up! or Down! or … Stay The Same!

I was just reading this article on rates on CNN’s website and it briefly discusses how the Federal Reserve (the Fed) Interest Rate* impacts mortgage rates.  Or rather doesn’t.  The story quotes a survey that states “People looking for homes say they would be “anxious” about mortgage rates going up”.  It conveniently doesn’t say how many people said that, maybe it was only 3 out of 1,000.  Why are they anxious?  Probably because other people are telling them to be. Continue reading…