Today’s mortgage rates aren’t all that different from the rates of years past. Here’s how they compare.

The federal funds rate tends to directly influence rates on shorter-term lending rates. While mortgage rates aren't directly based on the fed funds rate, they typically mirror fed funds rate trends. So, if the fed funds rate goes up, mortgage rates are likely to follow. Dig deeper into how the Federal Reserve affects mortgage rates.

Amber Barkley is a writer and editor with over 10 years of experience in topics ranging from personal finance to marketing analytics to fiction. She found her niche in personal finance in 2022, when she joined GOBankingRates as an editor, providing p ...

Despite the pushback from the White House regarding yesterday’s decision by the Federal Reserve to raise its benchmark rate by 25 basis points, the mortgage industry seemingly believed the central bank got the decision right.

A Fed hike may not offset oil above $100 and diesel-driven cost pressures, keeping the 10-year elevated and mortgage rates under pressure.