![]() ![]() ![]() On the 30-year fixed rate,” said Peter Alden, the CEO of Bay State Savings Bank in Massachusetts.Īccording to Alden, mortgage rates started rising before the end of 2021, and his bank had to react. “Rates have started to move up with mortgages. In some cases, the Fed’s plan to hike rates alone has affected borrowing costs. ![]() When the Fed raises its interest rate target, borrowing throughout the U.S. The Federal Reserve plans to raise interest rates “soon.” Many investors and economists are expecting that will happen when the central bank leadership next meets in March. ![]()
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