Although mortgage rates managed to move lower in the immediate wake of the Fed rate hike, they’ve since moved back up to the highest levels since July. This casts doubt as to the direction of the first dose of mortgage rate momentum in 2016. Or worse yet, it removes some of the doubt that currently exists about rates calmly following the Fed Funds Rate higher.
Source: Kevin Litwicki Universal Lending
Housing Market Has Plenty to Consider in 2016