IMO...NO.

https://www.mortgagenewsdaily.com/markets/mortgage-rates-07262022

Here is an article from a industry news site. Note the daily rate survey to the right of the page around the middle down rates actually slipped down today after the rate hike. Basically this confirms what the article states with real data.

Now that said, I do agree they influence them and the article discusses this. Bottom line the Bond market HATES inflation so any action to control inflation is rewarded by the market. Today clearly shows that.

Update we had a huge drop in rates today. Bond market seems happy. About .25 on a 30 year conventional