The Fed Raised Rates 25BPS—What Does It Mean for Homebuyers?

The Federal Reserve raised its benchmark interest rate by 25 basis points (0.25%) today, which may have homebuyers wondering what this means for mortgage rates.

The important thing to remember is that mortgage rates do not automatically increase by the same amount as the Fed’s rate. Mortgage rates are influenced by several factors and can move differently than the Federal Reserve’s benchmark rate.

What Does This Mean for You?

Don’t make a homebuying decision based solely on headlines about the Federal Reserve.

4 Steps to Take:

1. Get Pre-Approved
   Know what you may qualify for and what your buying power looks like.
2. Understand Your Payment Options
   Look beyond the interest rate and understand what your estimated monthly payment could be.
3. Compare Loan Programs
   Different loan programs may offer different rates, requirements, and benefits.
4. Consider Your Individual Financial Situation
   Your homebuying decision should be based on your budget, goals, and overall financial picture—not just one rate announcement.

Have questions about what today’s rate decision means for your homebuying plans? We’re here to help you understand your options.

Your homeownership goals are worth a conversation.
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