07/29/2026
The Federal Reserve decided to leave interest rates unchanged, which was expected because inflation is still too high.
According to NAR Chief Economist Dr. Lawrence Yun,
the biggest factor is the price of oil. When oil prices rise, inflation and mortgage rates tend to rise too. The good news is that housing is actually helping slow inflation, with rents coming down in many areas and home prices growing more slowly than wages. However, the Fed is not expected to lower interest rates until inflation improves further, especially if oil prices begin to fall. For now, mortgage rates will likely continue to move with energy prices.
What are your thoughts around this ?