The Federal Reserve's raising of interest rates last week has so far proved to be a nonevent in the mortgage market. At Freddie Mac, deputy chief economist Frank Nothaft said he was reducing his forecast for loan originations this year by less than 5%. At Fannie Mae, Eileen Neely, manager of economic forecasting, said she saw no need to change her projection.

And one chairman of a mortgage company said the Fed move was distinctly good news.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.