The Fed Pauses Again: What That Means for Your Housing Plans

The Federal Reserve just finished its June meeting and decided not to change interest rates again. This is the fourth time in a row they’ve kept rates steady, staying between 4.25% and 4.5%.

Here’s what it means for you:

The Economy Is Still Strong

Jobs are steady, people are still spending, and businesses are doing well. So far, there’s no sign of a major slowdown.

Inflation Is Still High

Prices are still rising more than the Fed would like. Because of that, they’re being careful about cutting rates too soon.

Small Changes in Growth and Jobs

The Fed expects slightly higher unemployment (4.5%) and slower economic growth (1.4%) by the end of the year.

Rate Cuts Might Still Happen

There’s still a chance the Fed will cut rates later this year, but opinions are split. Some experts think we might not see any cuts in 2025.

What This Means for You

While mortgage rates are still higher than a few years ago, they’ve improved a bit from last year. That’s good news if you’re thinking about buying or refinancing.

Now’s a good time to:

• Lock in a rate if you're planning to buy soon

• Keep an eye on market changes

• Talk to a pro (like me!) if you’re unsure what to do next

If you’re thinking about making a move—or just want to understand what all this means for your plans—I’m here to help.

Let’s talk.