The Fed just raised rates by a quarter point. Here's how that rate shift could now impact mortgage rates.

The US central bank bowed to reality with a ​quarter-point rate hike, with ​more to come.

The Fed on Wednesday raised rates in the world's largest economy by 25 basis points to between 3.75 and 4.00 percent, with policymakers signalling at least one more rate hike before year-end.