06/22/2026
How does this affect mortgage rates?
The Fed does not directly control mortgage rates. Investors had already priced in the Fed's decision, so geopolitical and economic events are more likely to have an impact at this time. If you've been waiting for more cuts, is it time to make your move? Here are some considerations:
Going into the June meeting, investors did not expect additional Fed cuts, with many expecting a rate increase in 2026. Rates are unpredictable, influenced by global events and economic data. Making a move now can help you lock in today's advantages. If rates rise, affordability will be negatively impacted, especially if home prices continue to rise, too. If currently renting, buying what you can afford now has long been a way to build equity you may be able to use later toward the home you really want.