Post by @chaddjohnsonkc

The Fed just raised rates… so what does that mean for mortgage rates? 👀 First, the Fed does NOT directly control mortgage rates. Mortgage rates are driven more by the bond market, inflation, and what investors think is coming next. So a Fed rate hike doesn’t automatically mean mortgage rates go up the same amount. The bigger takeaway? Trying to perfectly time the market is almost impossible. If you’re thinking about buying, focus on whether the payment makes sense for you today. If rates come down later, you can always look at refinancing. But waiting for the “perfect” rate could mean waiting a long time. #mortgagetips #homebuyingtips