10/29/2026
A question I hear all the time: when the Fed raises rates, do mortgage rates go up the same day?! 👻
Here's the short version...the Federal Reserve sets the federal funds rate, a short-term benchmark banks use to lend to each other. Mortgage rates tend to follow the 10-year Treasury yield, which is what investors earn for lending to the government for 10 years. That yield moves with inflation & jobs reports and with what investors expect from the economy. Inflation is still running above the Fed's 2% target, so the Fed is keeping the porch light on...
So, what does that mean for you?
If you're buying a home, get pre-approved first so you know your real budget before you fall for a house. Once you're under contract, talk with your Mortgage Advisor about a rate lock so a jump before closing doesn't change your payment.
If you're selling, price for today's buyers. A seller credit or temporary buydown can sometimes do more for a buyer's monthly payment than a price cut!
Swipe through, then send me a message with your mortgage questions. The trickier, the better! We'll build a plan that fits your situation. 🎃📲
