Fed raises rate, says more hikes on way The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The 30-year mortgage rate hit 4.3% on the Fed hike. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The Fed’s forecast for future hikes, drawn from the views of 17 officials, still projects that it will raise rates three times this year, unchanged from the previous forecast in December. But the number of Fed officials who think three rate hikes will be appropriate for 2017 rose from six to nine. What is ahead for borrowers, investors?
Austin, TX home sales cool off in February