There’s been a lot of concern about the fact that the Fed raised rates. This is true, but instead of making mortgage rates go up, they went down. Why? Mortgage rates are not directly linked to the Fed rates. To explain in simple terms, the Fed raised rates for the amount of interest they charge banks on funds they lend to financial institutions “overnight” or short term, and mortgage rates are linked to “long term” securities. Sudden unexpected market fluctuations, as well as future expectations of long term rates will have a more direct impact on mortgage rates. We are still offering very low rates, and want to show you how we can save you time and money on your next purchase or refinance. Visit one of our websites to apply www.RockRiverFinancial.com or for our Zero Down loan program www.USDALoanOregon.com or call us directly at 503-316-8000 today.