09/22/2026
Fed rates ≠ mortgage rates. Here’s why ↓
Here’s the thing... 👀
The Fed doesn’t actually set your mortgage rate. Not directly, anyway.
Your rate is driven by the bond market, specifically the 10-year Treasury yield and mortgage-backed securities. And bond investors care a lot more about where inflation and the economy are HEADING than what the Fed just decided.
Proof: in September 2024, the Fed cut rates by half a point, and mortgage rates went up over the next two months. Investors were pricing in a stronger economy, not reacting to the Fed’s move.
Swipe through for the full breakdown 👉
If you’re buying or selling in Somerset or Hunterdon County and want to know what today’s rates actually mean for your numbers, send me a message,I’ll connect you with a local lender who can walk you through it.