The Federal Reserve May Be Slowing Down Its Rate Hikes. Here's What That Could Mean for Mortgage Borrowers

The Federal Reserve May Be Slowing Down Its Rate Hikes. Here's What That Could Mean for Mortgage Borrowers

Not only have home prices been elevated all year, but over the past 11 months, mortgage rates have risen sharply. Now part of the reason mortgage rates have risen so dramatically this year is that the Federal Reserve has been very aggressive with interest rate hikes. The Fed doesn't set mortgage rates, or any consumer borrowing rates, directly.