11/01/2025
The Fed dropped ratesโฆ and mortgage rates went UP?! ๐คฏ
I know โ it doesnโt make sense at first, but hereโs the scoop ๐
The Fed controls short-term rates (like credit cards, car loans, and HELOCs).
Mortgage rates, on the other hand, follow bonds โ and they usually move before the Fed even acts.
This week, the markets didnโt love Jerome Powell hinting there might not be another cut in Decemberโฆ so rates jumped a bit. ๐
๐ฌ What this means for you:
๐ Homeowners: Letโs review your numbers to see if itโs a good time to refinance. Waiting for the Fed can sometimes mean missing your window.
๐ Homebuyers: Stop trying to time the market. Focus on finding the right home and the right payment โ thatโs what really matters.