11/01/2025
The Fed dropped rates… and mortgage rates went UP?! 🤯
I know — it doesn’t make sense at first, but here’s the scoop 👇
The Fed controls short-term rates (like credit cards, car loans, and HELOCs).
Mortgage rates, on the other hand, follow bonds — and they usually move before the Fed even acts.
This week, the markets didn’t love Jerome Powell hinting there might not be another cut in December… so rates jumped a bit. 📈
💬 What this means for you:
🏠 Homeowners: Let’s review your numbers to see if it’s a good time to refinance. Waiting for the Fed can sometimes mean missing your window.
🔑 Homebuyers: Stop trying to time the market. Focus on finding the right home and the right payment — that’s what really matters.