Here is what the Fed rate hike could mean to mortgage borrowers

The Washington Post reports that this week’s rate increase by the Federal Reserve should not cause home buyers to panic, if history is any indication.  For more information on this topic read the following article that discusses how the Federal Funds Rate is likely to impact mortgage rates.  https://www.washingtonpost.com/news/where-we-live/wp/2015/12/14/what-a-fed-rate-hike-could-mean-to-mortgage-borrowers/