When the Federal Reserve makes an interest rate decision, mortgage rates often become part of the conversation. But there is an important distinction for homebuyers and homeowners to understand: the Federal Reserve does not directly set mortgage rates. In
Jun 03, 2026 | Interest Rates
When mortgage rates begin moving lower, homeowners often wonder whether it is finally time to refinance. A lower interest rate can potentially reduce your monthly principal and interest payment, but a rate drop by itself does not mean refinancing will sav
Sep 16, 2025 | Interest Rates
When mortgage rates are higher than buyers would like, it is natural to wonder whether purchasing a home now makes sense or whether waiting for lower rates is the better move. Unfortunately, there is no reliable way to know exactly where mortgage rates or
Jun 03, 2025 | Interest Rates
Higher mortgage rates can make buying a home feel more challenging, but the interest rate is only one part of the affordability equation. The price you pay, amount you borrow, loan structure, upfront costs, and overall housing budget can all affect what h
Apr 22, 2025 | Interest Rates
An adjustable-rate mortgage, commonly called an ARM, offers an alternative to a traditional fixed-rate mortgage. Instead of keeping the same interest rate for the entire loan term, an ARM typically provides an initial fixed-rate period followed by a rate
Sep 03, 2024 | Purchasing a Home Interest Rates