So the feds raised the benchmark rate yesterday

[Eric Carr]

I wasn't sure if they would hold off or not but they have raised the benchmark rates .25%. There are raises planned for next year but those might be softer - we will see

And just as I thought, there was a knee jerk reaction, which is evident in the stock market today. We are at 24K right now, with support at what looks like 20K, if we fall through 23K - we might see it fall to 20K which might signal further instability. We will see.

I think it's important to remember that rates are still historically low and logic says will have to rise at some point. There will always be fear inducing headlines and a general reaction, but people will get used to it and life will go on. 

How has the increases affected your decision to buy a home or investment or refinance? 

[Ned Carey]

@Eric Carr it is a  non issue as far as I am concerned. The Fed rate is a very short term rate. Mortgages are affected more by 10 year rates.  A 1/4 point change is insignificant to me.