10/28/2026
People always ask about the rate - which, BTW, is tied to the individual borrower's credit profile. When we talk about general rates, it really needs to be from a third party source. So here is one of the many articles I have read today - and it makes sense that the Fed held off on responding to inflation given the election next week. HOWEVER, this take does point to a potential rise in December.
For buyers, it means the same thing it always means - figure out what payment you can afford and stick with it. If you need to stretch a little and its not too uncomfortable,, that's okay and and hopefully rates will go down in the future and you can refinance (after 6 payments). The other side of things is that they may NOT go down and we could look back and think that rates in the 7s were awesome.
Bottom Line - You can't go wrong if you remain , payment forward - find the house you want but don't get yourself in a bind either.
Federal Reserve officials are going to skip a rate hike in October — but this could lead markets to price in a hike of more than 25 basis points in December, said Alex Pelle, senior U.S. economist at Mizuho Securities. Pelle thinks the September wholesale inflation report “spells trouble” for ...
