Key Points Interest rates influence bond yields. The 10-year U.S. Treasury yield directly influences mortgage rates. Higher mortgage rates leads to less overall activity in the housing market. However, economic conditions can change quickly. 10 stocks we like better than Home Depot › After weeks of speculation, the Federal Open Market Committee (FOMC), which sets monetary policy on behalf of the Federal Reserve, has raised interest rates for the first time in three years. The FOMC increased its benchmark overnight lending rate, the federal funds rate , by a quarter point to a range of 3.75% to 4%. Voting members on the committee voted unanimously to raise interest rates. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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