Corrie Root, Realtor

Why don’t mortgage rates fall just because the Fed holds rates steady? Because the Fed isn’t the only force at play.

Mortgage rates actually respond more to inflation, global events, and the bond market than to Fed announcements. That’s why rates can move even when the Fed does nothing. Right now, easing geopolitical tensions are doing more to pull rates down than any policy change.

Don’t wait for a Fed cut. Watch inflation and global stability instead.

Powell Era Draws to a Close With Fed Expected To Hold Rates Steady Federal Reserve policymakers began their two-day meeting on interest rate policy Tuesday and are expected to hold rates steady.