Mar 18, 2022

What the Fed rate hike means for your mortgage

The Federal Reserve, the central bank of the United States, just announced they’re hiking interest rates by 0.25% to help cool down rising inflation.

The market expected the move, so it hasn’t caused a drastic change in mortgage rates so far.

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We expect rates to stay put in the short-term, with the potential for large swings day-to-day. Lock when you see a rate that makes sense for you, because the market can be unpredictable.

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Brendan Phillips, Capital Markets at Better Mortgage

More rate hikes are expected this year, so another jump could be around the corner.

Get your personalized rates in minutes to see where you stand.

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What the Fed rate hike means for your mortgage

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3 of the best cities for single women homebuyers

More homeownership help

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