Straight talk on mortgages from a loan officer who's done it for 10+ years.
The Fed just did something it hasn't done in three years: it raised rates. On September 16, the Federal Open Market Committee voted unanimously, 12-0, to raise the federal funds rate a quarter point, to a target range of 3.75% to 4.00%. It's the first hike since 2023, and the committee's own projections point to at least one more before the end of the year.
A lot of buyers are waiting right now. They’re waiting for rates to drop, waiting for the “right time,” or waiting for things to feel more stable before making a move. On the surface, that sounds smart. In reality, it’s not always working in their favor.
Rates moved again this week, and that’s usually when the same questions start coming up.
Talk to Nate directly — no forms, no call centers, no runaround.