“Why Keep Talking About Raising Rates?”

“Why Keep Talking About Raising Rates?”



The Fed decision makers have been talking about raising interest rates for a long time; stop all this madness and just raise the damn rate already. If a quarter of a percent interest is going to be an end to our economy, so be it. The truth is it won’t even be a blip on the radar when it comes to mortgages.


Let me tell you where the real impact is going to be, it is interest that we pay on the 19 plus trillion dollars that we owe on our National debt. Since the new budget deal was passed there will be little reason not to increase rates.


Back to mortgages, the anticipation of an increase in rates has already been factored into mortgage rates at this point. There will be some movement, but not enough to deter anyone from buying a home or refinancing.


What do you think the Fed is going to do next month?


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Joe Petrowsky, NMLS #6869

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Comment balloon 30 commentsJoe Petrowsky • November 20 2015 06:41AM


I don't know, but you're right, they waste a lot of energy and air time speculating.

Posted by Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers (The Flooring Girl) about 4 years ago

Joe Petrowsky - well said! I doubt they will raise the rates yet again. Flapping their jaws seem to be the only thing they do well! 

Posted by Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties) about 4 years ago

Hi Joe.  The Fed is under tremendous pressure by the EU to raise rates.  They will.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 4 years ago

Good morning Joe.  To answer your question "frankly I don't give a damn".  It is what it is and like you raise the rates already or shut up

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) about 4 years ago

I do not think it will affect mortgage rates even if the Fed raises the rates. 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 4 years ago

Good morning Joe. A rise in interest rates won't be felt until the rate goes over 8%. Enjoy your day. We have a long way to go!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 4 years ago

I think we've been hearing this talk for a very long time, Joe.  I, also, don't think it will make much difference.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 4 years ago

Good morning Joe Petrowsky ,

I'm with Conrad Allen ..no question interest rates will be raised!! So much speculation..its soooo old hat!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) about 4 years ago

Hi Joe: Perhaps the increase in interest rate will push the procrastinating buyers to make a decision quicker.

Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) about 4 years ago

Gee, the government wasting time, this is a first Joe......I'm shocked!

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 4 years ago

Good morning, Joe Petrowsky ditto to what has already been said....give or take a few words...

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) about 4 years ago

Good morning Joe,

May be where global warming is coming from!

Make yourself a great day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) about 4 years ago

Rares will go up and the whining about the woulda coulda shoulda will begin...it's a cycle...

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) about 4 years ago

Good morning Joe. I have no idea. I get concerned about my retirement flictuation more than anything. 

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 4 years ago

I have noticed over the last few years that when they talk of raising rates the rates move so when they actually happen there is very little impact.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 4 years ago

Joe, with the Fed it feels a bit like Peter crying wolf! At this point do something or don't.... but I think there may be quite a few fence sitters out there just because they don't feel they have a grasp on when they should jump into the market because of the rate uncertainty.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) about 4 years ago

Joe Petrowsky Even a quarter point prices many buyers out of the market.

And yes, the quarter of a point is going to make the national debt more expensive to re-finance.

Plus, a higher interest rate will attract more money from the rest of the world, fueling our inflation.

The Fed is in a very difficult position.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 4 years ago

Joe - talking about this is really getting old.  There will be a price to pay for this however.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 4 years ago

Sounds like all indications are for a rate hike.  Hopefully they will cap it at one adjustment for a while.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) about 4 years ago


At this point, they have bored us endlessly with their uncertainty.  I do think they will raise it.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 4 years ago

I agree with you Joe...just raise the rates and get on with it!

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) about 4 years ago

Joe they keep talking and I have stopped listening.  I can't see worry about something that has not happened yet and that I don't have any control over.  All I am concentrating on right now is the big nap I am going to take on Thursday after over stuffing myself with a huge plate of turkey :)

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 4 years ago

A slight raise in the interest rate might be a wake up call to some buyers to get off the fence. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) about 4 years ago

They have to go up some time and I think it may be a slight bump up soon Joe.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) about 4 years ago

I wish they would just do it and quit playing cat and mouse games and yakking about it. Just do it. Get it over with so we can concentrate on other things.

Posted by Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) about 4 years ago


Well said . . . . and right on point.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) about 4 years ago

Joe part of the problem is the Fed is like the Stock Market and the novice buyers of Real Estate...they get influenced by Headlines, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 4 years ago

Hi Joe -- keep it the same - raise - lower ----- I compare the discussion of rates to the weather --- lots of talk and not much most of us can do about it.   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 4 years ago

Many retirees are praying for higher interest rates to increase their income.

Posted by Roy Kelley (Realty Group Referrals) about 4 years ago

I'd be shocked if rates DON"T go up in December, Joe Petrowsky.   What is going to cause panic and possibly a "blip" is the media hype that will go with it. 

Posted by DEANNA EARLY - - ( NMLS # 268590 ), Highest Ranked Mortgage Loan Originator Virginia (American National Bank & Trust) about 4 years ago