Last week, the Federal Reserve decided to leave interest rates unchanged, taking a wait-and-see approach as they continue to monitor inflation and the economy.
What does this mean for mortgage rates?
✅ No immediate rate cut
✅ No rate increase YAY!!
✅ Mortgage rates can still move independently of the Fed based on inflation, bond markets, and investor activity
If you're waiting for the "perfect" rate before buying a home, remember that homeownership is often more about finding the right home and payment than trying to time the market. If rates improve later, refinancing may be an option.
Have questions about today's mortgage rates or your buying power? I'm happy to help!
📞 Christie Latham 919.649.3026
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