For the last 7
It appears the Fed will continue to gradually tighten rates over the next year.
The Fed controls rates that banks use to borrow money... a move in those rates is not directly tied to mortgage
Even if the Feds raise rates several more times in this year, the overall effect will be minimal on housing,
Predictions are that mortgage rates will be affected about 1/2 to 2/3rds of what the Fed does with
Another benefit which will likely increase activity is those fence sitters who have been waiting on the sidelines will recognize the end of the "low rate" era and jump into the game...
2015 was the strongest year of the last 7 years here on the mountain... we are predicting 2016 should be very close to the 2015 numbers.