No, you haven’t. Not even close.
Yes, the Fed raised its key interest rate today by .25% and plans to gradually nudge that rate further over the next many years. Key word: gradual. The increase was long overdue and is, in the eyes of the vast majority of economists, a good idea.
Importantly, interest rates for 30-year fixed mortgages are not likely to be seriously impacted by today’s decision. Early indicators are that they will tick up a little, but that could happen even on the most normal of days. Your golden window of opportunity is still wide open. However it’s certainly fair to say that if you have been considering a home purchase, you might want to step up your efforts so that you can lock into a loan rate sooner rather than later.