Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
The Rate Update —Mortgage Rates About to Spike? Here's What's Coming
Mortgage rates are not getting much help from the Federal Reserve right now.This week, the Fed held rates steady again — and with inflation coming in around 3.5% while the Fed’s long-term target is still 2%, the message is pretty clear:Rate cuts are not likely coming soon.So what does that mean for homebuyers, homeowners, and anyone waiting for mortgage rates to drop?In this video, I break down what happened this week, why inflation matters so much to mortgage rates, why the Fed is staying patient, and why mortgage rates may stay higher or flatter for a while.More importantly, we’ll talk…
The skinny
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