Mortgage Borrowers, Don’t Fear a Fed Rate Hike

CBS MoneyWatch, Nov. 11, 2015–Light, Larry

It may seem counterintuitive, but when the Federal Reserve finally gets around to raising interest rates, the impact on mortgage rates should be negligible. After all, the last time the Fed was hiking, from mid-2004 to mid-2006, mortgage rates rose only a small amount, half a percentage point.