Feds Raise Rates - First Time in 9 Years

December 16, 2015


Federal Reserve Chairwoman Janet Yellen announced the Federal Reserve has raised rates .25% for the first time in 9 years the Fed has finally made a move. What does it mean for mortgage rates? At the end of the day the Fed Rate is not the same as Bond Markets which are what mortgages are securitized by. However, as with all things financial, one string influences the other, so we can expect a gradual rise in mortgage rates. We've already seen some of that in the past month, but we should expect to see rates hit the mid 4's in the coming weeks. 


If you haven't taken advantage of refinancing into today's historically low rates, now is definitely the time to do so. The Fed's have signaled a change; try to take advantage of it while it's here! If you can move down to a 15 year fixed, let's get it started!


The Wall Street Journal has a great interactive graph which explains further.




Today's Low Rates here!



Please reload

Featured Posts

Delayed Financing: An Uncommon Refinance Option

December 21, 2018

Please reload

Recent Posts

August 8, 2018

Please reload

Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

© 2020 by Southland Home Finance

 Equal Housing Lender. NMLS 244339

333 City Blvd West, 17th Floor
Orange, CA 92868

(866) 617-7381

  • White Facebook Icon
  • White Google+ Icon
  • White Yelp Icon