Mortgage Rates Held Steady This Week… But Not for the Reason You Think

📉 Mortgage Rates Held Steady This Week… But Not for the Reason You Think

Most people assume mortgage rates follow the Fed. But here’s the truth: mortgage rates are influenced more by investor expectations and the bond market than by the Fed itself.

Even if the Fed had cut rates this week (which they didn’t), rates could’ve gone up depending on how markets reacted.

👉 That’s why it’s so important to work with a mortgage professional who understands how all the pieces fit together—especially when timing matters.

🔍 Here’s what happened:

• Mortgage rates dipped slightly over the past 3 business days (down ~0.05%)

• Average 30-year fixed rates sit around 6.86%, the lowest since early April

• The bond market was closed Thursday (holiday), but the rate movement had nothing to do with the Fed’s announcement

📌 Bottom Line: Headlines don’t tell the whole story. If you’re trying to “time the market” using online articles or social media, you’re likely missing key info that could cost you in the long run.

Let’s talk about your personal mortgage strategy—and how to lock in the best rate for your situation. I’ll help you cut through the noise and make smart, confident decisions.

📲 DM me to get started!

Source: Mortgage News Daily