Las Campanas Santa Fe Mortgage News

Mortgage interest rates are nudging upwards, and are moving into the highest levels since this summer. The anticipated Fed rate move seems to be the culprit, as investors are trying to price in the first interest rate hike in almost 7 years. Not that a .25% fed funds rate hike should stall the economy, but the hike does raise concerns for the end of “cheap” money. Also, there is concern about disruption of what some people perceive to be a “fragile economy”.