# What did the FED do about interest rates last week?

By Christie Latham (@christielatham) · Published 2026-08-04

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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