Interest rates are going up

The Federal Reserve Board raised its key interest rate again. Frequent rate increases have pushed the rates to 3,5%. Trend keeps on edging rates even higher and people who are blessed with mortgage should pay attention to their spending. However, it is interesting to notice that the difference between short term and long-term interest rates has narrowed to almost non-existing. Correcting move with long-term rates might come suddenly or then Fed is making an over protective move with the short-term rates.