Mortgage Rates Could Drop if Fed Cuts Rates, But Increase Possible Too
• Mortgage rates could fall if the Fed cuts rates this week, but a cut seems unlikely • If the Fed keeps rates unchanged, mortgage rates likely won't move much • If the Fed raises rates, mortgage rates will quickly rise as well • If the Fed cuts rates, even just 25 basis points, mortgage rates across lenders will likely fall • Homebuyers should pay close attention to the Fed and be prepared to act quickly if rates fall