The stock market loved it. Buyers are hating it. I had a flurry of calls and those buyers who cant buy now are really worried. I hope it does not put the brakes on the market come summer when she raises it again. 

I don't think the move on rate is good or bad for the economy, but certainly indicative of a good economy, at least superficially.  I still fear that home values outpaced wage increases too much over the past several years that could trigger a reversal & ripple effect through the economy, but for now, things look good near-term.

We'll have to wait and see - higher priced homes with higher interest rates will cause a problem with affordability, that's one reason I'm not thrilled with how high our prices have gotten around here. -Kasey

I suspect it might worry some buyers, and sellers, but I understand the mortgage rates actually improved, at least for now, but more bumps up will have an impact on affordability

As long as renting is more expensive than buying, I am not concerned as it directly relates to real estate.

Fred Griffin - that was almost my question, too - and I believe, there will be minimal impact on mortgage rate.

Whereas in the mindset of the buyers will be - let's get going - soon!

We knew this was coming so no surprise at all. Buyers will still buy and if it continues to go up they will just buy less.

I defer to Ken Jones 

I have been so busy, I had no idea,  A

To soon to tell ask me in a month.

The market hasn't slowed down in Dallas and since the interest rate is still considered low people are still buying.

It might affect first time or entry price level buyers. The interest rate is still low, comparing to historical data. 

The belief that it was coming already got pendings sales up. It is not enough to spoil the ROI on investments but if it keeps going up then rental rates will increase with fewer buyers in your lower price ranges.

It should up mortgage rates, which in turn will make it even more difficult for our first time homeowners to purchase, given our escalating home prices.

I still say the market is still too fragile for this kind of crap. Once it stalls out it will take months to get it going again.

a quarter of a percent won't change much but the continued increases since and expected likely will begin to change things

The rate change usually slows things down for about a month.  However of late the rising rates have ignited those complacent into action.  Fear of missing out is driving people.  The Millennials are finally getting the message that home ownership is a good thing.

I did hear this, but have not seen any change in consumer thoughts toward real estate so far.

Variable rate loans will head upward

if they are affected by this then they were not that serious to start with.

Time will tell and as usual, it's not spilling the beans.  

It will not be much

Only time will tell.  I bought my first home when interest rates were 12+%. The home I purchased with my husband in 1979 (I believe) rates were 21+%. Adjustments happen. 

Only time will tell.

From what I understand, it's not the last. Clearly, borrowing will be more expensive, impacting affordability. CT market has not really stabilized yet.

Morale is up. The giant is awakening...Good for America

people are still buying homes

Good for the economy because they need to be able to drop the rate from somewhere if the economy needs a boost.  I don't think it'll have much impact on the market, it's not like it's going up 1% or more.

Gives me an opportunity to get those waiting for the rate to go down to buy!

IMO good for all of us!

Hi Fred, I think this will get those clients that were on the fence make a decision to purchase/sell before mortgage rates go up again.

Great for the stock market. Generally will not affect the client base I work.

More buyers will recognize the need to lock in rates.

Since the Fed announced their intent to raise raise a few weeks ago, I believe the markets had already absorbed this information and factored it into their rates and thinking. Hopefully, this will get some fence sitters off that darn fence.

We need to see if the Bank of Canada reacts and if the banks and other lenders who service the local area react.