09/17/2025
So.....the Fed cut interest rates!
What does that mean for mortgage rates? 📈📉
Take a minute and give this video another listen. We posted this last September when the Fed cut rates to explain what really moves mortgage rates, and it's relevant again today.
News headlines don't always give you the full picture! Rates are lower now than they were earlier this year...but as Selma Happ, Chief Economist at Cotality explains, “The Federal Reserve rate cut this week has already been priced into mortgage rates, so the immediate impact will be minimal.”
She goes on to explain that a series of anticipated rate cuts can continue to put gradual downward pressure on mortgage rates....
But remember, when rates fall, more homebuyers re-enter the market, which means more competition.
Our advice? If you're thinking about buying, selling, or refinancing, give us a call! Our team can help you understand what to expect and what makes the most sense for your individual situation.
