MORTGAGE RATES INCH A LITTLE HIGHER?

MORTGAGE RATES:

USNEWSREPORT.COM

When you look at the volatility of what rates have done around the 'what is the Fed going to do' all yearlong, we’ve had enormous movement in mortgage rates," Smoke says. "We’ve had roughly 70 basis points of movement in the 30-year [fixed-rate mortgage] alone in the last 12 months when the Fed hasn’t done anything.”
Rising interest rates don’t mean you can’t find a mortgage that works for you. The rate hike by the Fed is minor and isn’t likely to squeeze too many consumers out of being able to buy a home. You might have to reconfigure what you put down versus what you pay monthly, but as Smoke emphasizes, mortgage rates differ from day to day and lender to lender.
“It’s like buying gasoline – it’s different by provider, it’s different one street to the next,” Smoke says.