Federal Reserve Interest Rate Decision: What It Means for Homebuyers and Sellers
Posted by Jolene Weinstein on
Fingers Crossed: Are You Patiently Waiting on What the Feds Will Do Today?
It doesn’t matter your profession—today, everyone is hoping to hear positive news out of the Federal Reserve. The anticipation feels a bit like waiting for the lottery numbers to drop. Later this afternoon, you’ll see plenty of posts about what it means for consumers. I’ll add a quick update to this article as soon as the decision lands. In the meantime, here’s what to know—and how it could hit your monthly payment.
Fun Facts About the Fed
- The Fed doesn’t set mortgage rates directly. It moves bond markets, which shift mortgage-backed securities and lenders’ rate sheets—why mortgage quotes often change within hours of an announcement.
- Created in 1913 after…
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