Will the Fed’s Next Move Lower Mortgage Rates?

The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will fall too? Let’s clear up the confusion. 🤔 The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect a

Mortgage Rates Just Took Their Biggest Drop in Over a Year!

You’ve been waiting what feels like forever for mortgage rates to budge—and last week, they finally did in a big way! On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. 🎉 🔎 What Sparked t

Why Today’s Housing Slowdown Is Only Temporary

Now that the market is slowing down, many homeowners who haven’t sold at the price they were hoping for are pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% sin

Mortgage Rates Are Shifting – What Buyers and Sellers Need to Know

Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. As a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%). While that might not sound huge,