10/29/2026
If groceries and gas have felt more expensive lately, you’re not imagining it. Inflation climbed to 3.7% in September, up from 3.4% in August. That’s why today’s decision to hold rates steady wasn’t unanimous: two members voted for another increase.
The Fed is holding for now, but many economists expect another hike could come in December, depending on what the next round of inflation data shows.
What does that mean for your mortgage? The Fed doesn’t set mortgage rates directly. Mortgage rates follow the bond market, and they’ve actually eased a bit over the past few weeks. But inflation is what drives the bigger picture, so it’s worth keeping an eye on.
If you’re weighing whether to buy now or wait, let’s look at your real numbers together. Visit us at www.fcls.com or reach out to one of our loan officers.
