09/19/2026
🏡 The Fed Rate Went Down…So Why Didn’t Mortgage Rates?
Here’s something every homebuyer should know: The Federal Reserve does NOT directly set mortgage rates.
Mortgage rates are influenced heavily by the bond market, inflation expectations, and the overall economy. That means the Fed can lower its rate while mortgage rates stay the same—or even go up.
📉 What could help push mortgages back into the 5% range?
✅ Lower inflation
✅ Falling Treasury yields
✅ More confidence that inflation will stay under control
So instead of trying to perfectly “time the Fed,” focus on whether the house, payment, and price make sense for you today.
And remember: if rates fall later, refinancing may be an option—but if lower rates bring more buyers back into the market, competition for homes could increase.
🏠 Thinking about buying or selling? Let’s talk about what the numbers actually mean for you.
— Richard Phillips, REALTOR®
