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The Federal Reserve just raised interest rates for the first time since 2023. Here's how mortgage rates may respond.

The Fed just raised rates by a quarter point. Here's how that rate shift could now impact mortgage rates.

Sources (1)· Sep 16, 6:02 PM

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The Fed raised interest rates for the first time in three years. Here's what it changes for UF students with loansThe Federal Reserve voted unanimously to raise its benchmark interest rate by a quarter of a percentage point Sept. 16, bringing its target range to 3.75% to 4%, the first increase since July 2023. About 91% of U.S. student loan debt is federal, which doesn't change in parallel to interest rate changes. Congress sets the rate once a year and the rate is…