Higher home loan rates are likely as Fed rate hike looms

The L.A. Times reports:

Fed Chairwoman Janet L. Yellen said last month that she anticipated the central bank would move slowly on future interest rate boosts once it enacts the first small one — expected to be a 0.25 percentage point increase. That means it will be "several years," she said, before the rate gets back to a more normal 3.5% to 4% level.

Still, rising rates signal an end to the easy-money policy that pushed 30-year mortgage rates to a record low of 3.31% in 2012.

The struggles of the central planners.