People will always need homes.  They bought when the rate hit 21% so I doubt this will make a bit of difference!

No, I think it may shake some fence sitters off the fence, both Buyers and Sellers.

I don't think they will quit, but they'll complain a lot.

Not so sure they will stop looking as much as just not be able to buy at the current prices.

Will Hamm I don't think the Feds .25% rate hike will have much of an impact. It might affect borderline buyers.

no, I think people will maybe get off the fence so they don't pay more

No. The immediate increase should not be enough to discourage home purchases.

Will,

No I don't think so.  This was not a huge hike, and all is very well.  A

NO...but I bet this prompts many to get serious

I just gained two new buyers today after the rate increase; now to find one in their price range will be the problem.

Not yet.... rates are still so low by historic standards people are still better off buying than waiting for them to go up another 100 basis points.

This is not a large change, I do not believe this small increase will make a difference and make someone to give up. 

No I think it will be pretty much the same as it has been. Now if they go up substantially it will ceratinly slow down the buying.

All the news I've heard seems to point to very little effect.

Looks like 100% say No ! It will get people off the fence !

NO WAY it will fire up all the "just looking" - hoping for a dip - deal shoppers and more. Last time I recall I was so busy I hired more people

Just today i got 2 calss from buyers looking to step it up, my prediction would be a short term rise in buyers followed by a hard winter  coming soon

I think those who aren't really serious will use it as an excuse to drop out, which is good because they weren't serious anyway.  Others will get more serious.  Regardless of rates, people will always buy and sell.

I bought my first house with 10% down payment, which was considered low at that time.  The loan that was available to me was an adjustable with an 8.5% start rate and a ceiling of 11.5% and I gladly took it.

The rate was not nearly as impressive as the one Susan Emo got. 

It may stop some people in the US.  It remains to be seen how the Bank of Canada will react to the Fed's increase.

Not over a quarter point...if it keeps going up, maybe...

No, they only raised rates .25%. Rates are still attractive for anyone seeking to buy or refinance in many cases.

Not a chance! We need a significant increase for that to happen!

No. 

No, this increase is so small it will have very little impact on rates. I am getting more calls now because people know rates will be higher in a year.

 No, I think people will always be looking. It may get some folks off the fence though.

Good morning Will. If anything, it may motivate some rather than the other way around.

I believe it will get a person or two off the fence.

Will Hamm Probably not, bu more rate hikes might have impact on housing market.

Not enough of a change to be noticable.

Why? The mortgage rates have already incorporated the increase and it's only 1/4%. They should buy now as the rates are likely to go up several more times next year. Predictions are already for a 1% Fed Funds rate by end of next year or a bit sooner.

I think it will have some ripple effects Will Hamm , maybe not so much for our industry but over all I think it will hurt the economy.

The always-amusing thing is that some buyers think ANYTHING even remotely related to something that's somewhat something like somesuch is cause for fight or flight. Never know which. I imagine they'll all tune into HGTV or check Zillow to consult the oracle . . .

To the contrary. I think it will make believers out of those Buyers who were either dragging their heels or trying to decide when to buy. Now they know the rates can, have and will be increased. Buy now before the next increase.

YAP. Esp those lose out .....

Not at all.

When and if that trickles down to Bank of America reducing the approved amount by 25%... THAT could be a problem.

No. IR are still very, VERY, low. A 1/4 hike should not stop anybody from buying.  in fact, it should give them a kick in the rear to lock up a home now before more IR rate increases.

Will - I don't think the increase was significant enough to keep people from looking, and might even get some people to get off the fence (thinking rates might increase even more).

Will Hamm as Inman article said - it's double edge sword, someone will jump in because of the fear and someone will jump out because of the fear, too - a different kind of fear, though!

Interestingly the Fed rate is directly related to short term lending Helocs, car notes, and credit cards. Mortgage bonds fluctuate with the stock market

no....I think the "real buyers" will now buy....

Luckily, my two buyers had already locked in their rates, and with only a .25% increase, this should not deter buyers from purchasing a home.

No

No.  Bump too low.

No, I think it will speed things up a bit.