Myth vs. Reality: Does the Fed Control Mortgage Rates?

You’ve probably heard the Federal Reserve (the Fed) is raising rates again. And if you’re planning to buy or sell a house, you may be wondering what that means for you.
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You’ve probably heard the Federal Reserve (the Fed) is raising rates again. And if you’re planning to buy or sell a house, you may be wondering what that means for you.

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while.

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while.

Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating. But it’s a real possibility.

Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating. But it’s a real possibility.

Buying or selling a home is a big financial decision. And right now, it feels even bigger.

Buying or selling a home is a big financial decision. And right now, it feels even bigger.

You may be hearing that a near-record number of homeowners are pulling their houses off the market.

You may be hearing that a near-record number of homeowners are pulling their houses off the market.

Data shows inflation is moving in the wrong direction. But before the headlines send anyone into a panic, here’s what’s actually going on, why it matters for the housing market, and what it means if you’re thinking about buying or selling.