03/20/2025
Happy First Day of Spring! 🌷
Here is a little mortgage update for you! The Fed met yesterday and announced no rate change! We get asked often how this will impact mortgage rates. Here is the short answer! 😎
1. No immediate changes - Mortgage rates are impacted by long-term Treasury yields, not just Federal Reserve decisions.
2. Future rate cuts may be on the table - There have been hints of potential rate cuts later in 2025, which COULD help mortgage rates.
3. Stay positive 🥰 - this is still positive news! With the anticipation of a potential decrease on the horizon, it is possible we could see mortgage rates start to adjust in the coming days.
4. Mark your calendar 📆 - The next Fed meeting on 5/7/25 could shake things up!
Even if you're not ready to jump into action right this second, now is the time to go ahead and get your approval locked in and all documents in order so when we see that rate drop, we are ready to SPRING into action. 🏃♀️