Fed Update: Rates Cut, But Mortgage Rates Are Climbing 🚨

The Fed just cut interest rates by 0.25%, which is great for short-term loans like auto loans, HELOCs, and personal loans. But here’s the catch: mortgage rates actually went up today.

Why? The Fed now predicts only 2 rate cuts next year instead of the 4 previously expected. That cautious outlook spooked the market, pushing mortgage rates higher.

What does this mean for you?
🏠 If you’re buying a home or refinancing, consider locking in your rate soon before they climb further.
💡 If you’re looking at a HELOC or personal loan, now’s a good time to act.

Timing is everything in this market! Need help navigating it? Let’s talk.

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