11/01/2026
✨ CHEERS TO THE EXTRA HOUR – Craig and I recalibrated our clocks with a lunch at McGregor’s Butcher & Bistro, where the cocktails are crafted, the steaks are hand-cut, and the hoodies are welcome! Our kind of Sunday!! Fueling up before the Chiefs take on Denver today.
While you’re here, a little something else to gather around – my weekly market report:
🔶 The Federal Reserve held its benchmark rate steady, but that hasn’t taken the pressure off mortgage rates. They voted 10-2 to hold the federal funds rate at 3.75% to 4%, but another increase could come in December.
🔶 One reason the Fed isn’t ruling out another hike is that inflation picked up in September.
🔶 The PCE price index, the Fed’s preferred measure of inflation, rose 0.5% for the month, which was its biggest increase in six months. That brought annual inflation to 3.6%, well above the Fed’s 2% target. And inflation isn’t the only concern.
🔶 Fed officials also raised concerns that higher energy costs and growing investment in AI could push prices even higher, making future rate decisions harder to predict.
🔶 But while the Fed’s decisions influence mortgage rates, they don’t directly set them. That’s where Treasury yields come into play. Following the Fed’s announcement, the 10-year Treasury yield climbed to 5.04%. Meanwhile, the two-year Treasury yield fell to 4.70%.
🔶 Since rates tend to follow longer-term Treasury yields, a drop in shorter-term yields doesn’t necessarily mean lower rates for homebuyers.
🔶 LOOKING TO BUY: So, with rates still uncertain, what does this mean if you’re thinking about buying a home? We can explore financing options and compare monthly payments to see what works for your budget, rather than waiting for rates to fall.
Say hello at 816-721-1924. I’m the lender who works endlessly to ensure you get the best outcome!!
