One reason mortgage rates won’t go up this week

With the near certainty that the Federal Reserve (Fed) will vote to increase interest rates this week, many people assume that mortgage rates will automatically follow. Not so. At least not directly. The Federal Reserve’s decision on interest rates will have no direct impact on fixed rate mortgage rates.

The last time the Fed raised interest rates was just a year ago and at that time I wrote What the Fed’s rate increase means for mortgage rates.

I will update the report after the Fed’s decision on Wednesday.

Are you considering selling your home? If so please contact me on 617.834.8205 or for a free market analysis and explanation of the outstanding marketing program I offer.

Not sure which broker to use to sell your home? Read  Which broker should I choose to sell my house?

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated