Think a Fed rate hike will affect your mortgage rate? Not so fast.
A Federal Reserve rate hike likely won’t impact mortgage rates directly, according to the publisher of the Wall Street Examiner, Lee Adler.
Adler has over 44 years of experience in the financial industry and previously worked as a commercial real estate appraiser for 15 years.
While he says a Fed rate hike will not have the impact on mortgage rates that many believe, he says there is a separate indicator that will dramatically impact your mortgage rate. And it could impact the entire housing market.
We’ll talk about this indicator in just a moment. But before we do, let’s look more closely at why a Fed rate hike won’t directly affect your mortgage rate.
This post was published at Wall Street Examiner by Cameron Saucier ‘ September 22, 2016.