02/09/2026
Long video, but a lot of great information on interest rates, how they move, and what they could mean to your mortgage.
A lot of people want to wait to see what decision the FED will make on their next interest rate meeting, but that Fed decision doesn’t often make a direct or immediate impact on mortgage rates.
Mortgages correlate with the 10-year treasury rate. They have a typical spread of 1.5-2%. Like today, 10-year treasury is at 4.22% and the 30-year mortgage is at 6.15%. Inside that 1.5-2% spread.
The 10-year treasury often moves rates before the Fed decision. So, those rates are usually already baked in before those Fed meetings. People usually expect to see the Fed’s decision, and then say “ok, now mortgage rates will drop.”
That’s not always the case. The 10-year usually forecasts ahead on what they expect the Fed to do, and so mortgage rates are usually already where they expect to be before the Fed makes a decision.
Watch this video to learn more and to see what those .25% changes could mean to your mortgage payment. It’s usually not that significant, and may not be worth it to you in the long run to wait to see if it gets there. Especially, if home values out pace interest rates, and now that home could cost you more at the time of purchase.
