🏦📉 Fed Holds Rates Steady as Powell Era Nears End. What It Means for Housing...
The Federal Reserve is expected to keep interest rates unchanged this week at 3.5% to 3.75%, marking one of the final major decisions before Chair Jerome Powell’s term ends May 15.
đź’° Why no cuts?
Inflation concerns remain high after rising oil prices linked to global tensions, making further rate cuts in 2026 less likely. Markets now see a 69% chance rates stay the same through December.
🏡 Housing Market Impact:
Mortgage rates don’t move directly with the Fed, but they often react to economic outlooks and Fed policy. Realtor.com’s chief economist says easing tensions overseas may do more to lower mortgage rates right now than the Fed itself.
👀 What’s Next?
All eyes are on likely incoming Fed Chair Kevin Warsh, who could reshape policy, inflation targets, and how the Fed communicates future moves.
đź“Ś Bottom line: Buyers and sellers hoping for lower mortgage rates may need to watch world events just as closely as the Fed.
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Read the full article here👇️
https://www.realtor.com/news/real-estate-news/jerome-powell-fed-chair-meeting-interest-rates-april-2026/?cid=eml__1946:66e221571a4446d4e6969d41:rm202604281030_Marketing_Consumer_Daily_EditorialRSSDynamic&deeplinkIdentityId=589ce411-bc81-42d5-aaa4-8755cd5cfdaf
