Heading into 2026, some were predicting the Federal Reserve would make at least one rate cut if not more. Nine months into the year and so far the Fed has held steady on rates, but that is expected to change on Wednesday, with economists predicting a 25-basis point increase.  “The Federal Reserve heads into its […]

Mortgage rates moved higher for the 6th day in a row on Tuesday and to the highest levels since January, 2025. The average top-tier 30yr fixed rate is up to 7.22% and the most prevalently-quoted top-tier rate is 7.25%. Over the past 6 days, the average is up 0.33%, which is is the most abrupt

Mortgage companies typically price in the consensus expectation regarding whether or not there will be a Fed rate change heading into a meeting like this week’s, and it typically materializes, but there’s always the risk it won’t. Processing Content And this time, there is a contingent within the market predicting that the upcoming decision on