09/17/2026
The Federal Reserve just raised its benchmark interest rate for the first time since 2023—but that does not mean mortgage rates automatically increased by 0.25%.
The Fed controls a short-term lending rate. Fixed mortgage rates are influenced more heavily by the bond market, the 10-year Treasury yield, inflation expectations and the overall economy.
The Fed’s latest projections also suggest another rate hike could happen before the end of 2026, although that is not guaranteed and will depend on upcoming economic data.
For buyers, the best strategy is usually to focus on the monthly payment, negotiate favorable terms and avoid trying to perfectly time the market. If rates improve later, refinancing may be an option.
Have questions about what the latest rate news means for your move? Reach out to the Austin Moore Group. Click the link to read more!
The Federal Reserve Raised Interest Rates—What Does That Mean for Mortgage Rates?For the first time since 2023, th