09/20/2026
As widely expected, on September 16, 2026, the Federal Reserve raised its benchmark Federal Funds Rate by 25 basis points. This was the Fed’s first rate hike in three years and its first rate change this year, following five consecutive meetings with no change.
Keep in mind, the Fed Funds Rate is the overnight rate banks charge each other and is NOT the same as mortgage rates, BUT it does have a trickle-down effect.
The decision was unanimous, with the Fed pointing to elevated inflation as a key reason for the move. The latest projections also suggest another rate hike could come this year, with 16 of 18 officials projecting a higher Fed Funds Rate by year-end.
So are you timing the market?... Many qualified potential homeowners delay their purchase, waiting for rates to drop. But what if this delay costs more than you think?
By delaying a purchase, you risk foregoing significant appreciation gains, potentially exceeding any financial benefits from lower interest rates. Lower rates would also increase competition and put additional upward pressure on home prices.
It’s time to talk strategy. Comment "Don't Wait” below and I’ll get in touch to break down exactly what waiting could cost you.
