Did #FED raise the rates? Yes-indirectly they have with all their media chatter. While the FED did not raise the Federal Funds rate, they have impacted #MortgageRates by disrupting the bond market with their constant Media interactions. The more the FED talks to the media about holding rates the more worried the Bond Market becomes. We have seen huge sell-offs in bonds today as a result of this media noise.
Unfortunately, bonds sales=higher mortgage interest rates. Please FED, do stop talking. You’re making it worse, not better.