**ANOTHER 50 BPS RATE HIKE TODAY BY THE FED** Where are mortgage rates headed and where will they be at in the future? Historically, rates have been cyclical - look at the chart. We’ve seen 2 of approx. 7 rate hikes for the year per the Fed. If you’re considering buying or pulling cash-out, it’s best not to wait as we are pushing through an inclining rate market.