Miene Smith - Real Broker MA, LLC

Miene Smith - Real Broker MA, LLC Making home buy/sell as stress free as possible! If you’re looking to buy or sell a home in MASS, let me help you! Your satisfaction is my top priority.

For a stress-free experience, I am here every step of the way. Contact me today to get started. Living on the South Shore for over 40 years. A mother, grandmother, friend, foster mom of many rescue pups and dogs. Avid road biker and love to help people find the homes of their dreams. Happy to answer any questions regarding the real estate market! Love my job! Here to help!

09/17/2026
09/17/2026

📈 The Fed Raised Rates by 0.25% Yesterday. What Does That Mean for You?

The Federal Reserve increased its benchmark rate by 25 basis points (0.25%) yesterday. While that sounds like it should push all interest rates higher, the reality is a little more complicated.

✅ If you have a Home Equity Line of Credit (HELOC)
Your rate likely just increased by 0.25%. Most HELOCs are tied to the Prime Rate, which typically moves in lockstep with Federal Reserve rate changes.

✅ Credit Card Holders
Many credit cards are also tied to Prime, so there's a good chance your interest rate went up as well.

🏡 What About Mortgage Rates?

Interestingly, mortgage rates actually moved slightly lower today.

Why? Because mortgage rates are not directly controlled by the Federal Reserve. Mortgage rates are driven by the mortgage bond market, and bond investors had already anticipated this latest Fed hike. In other words, the increase was already "priced in."

🔮 What Happens Next?

Based on comments from Fed Chair Jerome Powell, additional rate hikes could still be on the table in the coming months.

That may be bad news for borrowers with variable-rate debt such as HELOCs and credit cards. However, if investors believe the Fed is serious about bringing inflation under control, that could actually be positive for the bond market.

And when inflation expectations improve, mortgage rates often benefit.

The bottom line: Fed rate hikes don't automatically mean mortgage rates will rise. In fact, sometimes the opposite happens.

If you're wondering how today's market impacts your home purchase, refinance, or home equity plans, feel free to reach out. I'm always happy to help make sense of the headlines.

09/17/2026

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08/29/2026

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08/28/2026

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08/22/2026

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