[sudobash1]

These aren't the exact rates that ordinary folks will be borrowing at. See credit cards for instance (way higher), or mortgages (a little higher).

Counterintuitively, it is possible for mortgage rates to go down even when the Feds are raising their rates. The interest rates for us normies are dictated in large part to how confident the financial sector feels. If the Fed's raising of the interest rate makes the financial sector feel that inflation is under control, then mortgage rates may go down.

[aaomidi]

Right but it won’t go below the fed’s rate which is already huge for the prices of housing these days anyway.