12/19/2024
The Federal Reserve just cut its key interest rate by 0.25%, bringing it to a range of 4.25% to 4.5%.
What does this mean for mortgage rates? While Fed decisions don’t directly set mortgage rates, they can influence them. However, don’t expect mortgage rates to drop significantly anytime soon—they’re driven by a mix of factors, including inflation and market trends.
💡 Whether you’re thinking of buying a home, refinancing, or just curious about how all this affects your financial plans, now is the perfect time to have a conversation with me. I can help you navigate the market and create a plan to reach your goals!