06/18/2026
The Federal Reserve voted to keep its benchmark interest rate unchanged for the fourth consecutive meeting, maintaining its target range at 3.5%–3.75%.
The meeting marked the first chaired by new Federal Reserve Chair Kevin Warsh, who recently assumed the role. While rates remain steady for now, Fed officials signaled that inflation concerns could lead to a potential rate increase later this year.
Although the Federal Funds Rate does not directly determine mortgage rates, Fed policy remains an important indicator of the broader economic environment. As market conditions continue to evolve, REALTORS® can help clients understand what these developments may mean for mortgage rates, affordability, and their homeownership goals. Read C.A.R.’s weekly market update, the Market Minute, for the news shaping economic forces in housing. Read it at www.car.org/marketdata/marketminute or link in bio.
