feds raise rates

[Whaazup17]

I read that feds are going to raise rates again. Does this mean that prime rate is going up? So that means that mortage,credit cards and savings well all be affected correct?

[Amortized]

feds rising rates is no surprise, Greenspan said it himself a about 6 months ago, and said they'll be doing it slowly for some time. Just because he's raising rates doesn't necessarily mean mortgage rates will go up as well. The federal funds rate is a short term rate, it won't affect a typical 15 or 30 year mortgage rates, However since heloc (home equity lines of credit) and credit cards are short term, the increase in those rates will be more apparent. Sometimes the way SOME lenders work their portfolios on the secondary market, a slight increase in rate may result for their loans but thats not typical. Mortgage rates increase and decrease daily for a multitude of reasons, but are typically backed by treasury bonds.

[VQ35DE]

they raised it a quarter of a point i believe

[Dunecune442]

do you realize that the impact will be amazingly insignificant. Raising points is the least effective yet most publicized power of the Fed. I wouldnt even stress it.

[Amortized]

do you realize that the impact will be amazingly insignificant. Raising points is the least effective yet most publicized power of the Fed. I wouldnt even stress it.

Combatting inflation is very significant which is why its so publicized.

[Scott]

Interest rates on loans have actually gone down over the past few months through all of these rates hikes for the exception of last week and they only went up a fraction.