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Mortgage Rates Near 7%: The Fed Rate Hike, California Proposition 37, and What Sacramento Buyers Should Do
The Federal Reserve raised rates on September 16, 2026, for the first time since 2023, and mortgage rates are now near 7 percent. On this episode of Selling Sacramento, we talk through what that means for you, what California Proposition 37 on the November 3 ballot would actually do, and where the Sacramento housing market stands right now.
In this episode:
Does a Fed rate hike raise mortgage rates? Why mortgage rates follow the bond market, and what the Fed does affect directly, including credit cards and home equity lines of credit.
How much a higher rate adds to a monthly payment on a…
The skinny
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