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Every time I see something about the feds raising anything, I check rates on loans and mortgages. I have been watching interest rates on mortgages for a few months now. Since the "war" started. In my area for excellent credit, it went from 3.12% to 5.74%. That was just over 3 months. I would not be surprised if it hit 7% by August and 10% by the end of the year.