The Mortgage Report: Fed Rates Rise, With More Increases on Horizon

The Fed raised rates by 25 basis points, says Bob Johnson (AKA BobMortgage). How will this affect mortgages? He shares his position in today’s Mortgage Report.

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: The Fed raised the Fed funds rate by 25 basis points last week and will there be a 3rd rate hike in 2017. What is the impact on mortgage rates? Which way will they go?