10/28/2026
The Fed announces its interest rate decision today, and you’re about to see a lot of headlines about mortgage rates.
Quick reality check: the Fed doesn’t set mortgage rates. It sets a short-term rate banks use to lend to each other overnight. Mortgage rates tend to follow the 10-year Treasury, which moves on inflation, the economy, and what investors expect next.
So a Fed cut doesn’t mean mortgage rates drop tomorrow, and a hike doesn’t mean they jump. Sometimes they even move in opposite directions.
If you’re thinking about buying, the better question isn’t “what will the Fed do?” It’s “what payment am I comfortable with?” A good plan matters more than any headline.
Questions about rates? Drop them below 👇