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2018-03-22 07:31:33
Fed Reserve Announcement - Rates up .25%
Today the Federal Reserve announced a rate hike of .25%, now taking the Federal Funds rate from 1.5% to 1.75%. 
The mortgage markets were expecting this movement, and had previously accounted for it gradually ticking up interest rates over the past several weeks, prior to the announcement, so there will be no drastic immediate spike in rates as a result of this announcment. 

The Fed Reserve Bank also announced that as a result of the growing economy, they are likely going to do 3 rate hikes next year, versus the 2 that were previously anticipated. 
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