Rates Hold Steady Amid Inflation Concerns

Annapolis News Today | 2 Min News | The Daily News Now! · Jun 27, 2026 · 1m

Mortgage rates nudged up to 6.49% this week — a small bump from last week’s 6.47%, but still below last year’s 6.77%. Despite the slight rise, refinancing activity remains strong, showing borrowers are still watching rates closely and acting when conditions favor them. With stubborn inflation and global uncertainty keeping the Fed cautious, rate cuts are unlikely soon — some even predict hikes before year’s end. The Fed’s stance, driven by inflation still above its 2% target, means rates are likely to stay in the 6.5% range for now, making this a critical moment for anyone considering a home…