Columns Josh Moody: What the Fed Interest Rate Increase Means For Local Homebuyers June 17, 2022 10:08 am by Anthony Treye Hanner Views: I've heard that the Fed recently raised rates by .75%. Does this mean mortgage rates will go up by .75%? The good news is, not necessarily. Since December, mortgage rates have increased by almost 100%, going from 3.25 on 12/31/2021 to over 6% asYou've reached subscriber-only content Simply Register For Free Access Already a subscriber? Log in here.