Mortgage Interest Rates

Just a few words about interest rates.
Everyone hears about Alan Greenspan and the Feds raising interest rates every 8 weeks or so when they meet. They have raised rates the eight consecutive times they've met to help keep the economy on track. Please do not confuse this with a raise in interest rates for your home mortgage loan.
The fed raises short term interest rates on monies banks and the federal government borrow from each other. This has nothing, directly, to do with long term interest rates such as a 30-year fixed mortgage. Interest rates today are STILL OUTSTANDING.
So don't work yourself into a tizzy when you hear Mr Greenspan talk about keeping inflation in check by raising short term interest rates. It will probably effect your new home loan very minimally.