By: Bruce Singer, Senior Loan Officer
NMLS #197960
Vision Home Mortgage | NMLS #357565
702-217-5525

If you’ve been watching the housing market lately, you’ve probably heard a lot of talk about the Federal Reserve and interest rates. Many buyers and homeowners were hoping the Fed would begin cutting rates by now — but once again, the Federal Reserve chose not to lower the federal funds rate.

So what does that really mean, and more importantly, how does it affect you if you’re thinking about buying, refinancing, or making a move this year?

Let’s break it down.

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Why the Fed Is Holding Rates Steady

The Federal Reserve’s primary job is to keep inflation under control while maintaining a healthy economy. Even though inflation has improved compared to its peak, it hasn’t slowed enough for the Fed to feel confident about cutting rates just yet.

In simple terms:

• Prices are still higher than the Fed would like
• The job market remains strong
• Consumer spending hasn’t cooled enough

Because of this, the Fed is choosing patience over speed. They want to avoid cutting rates too early and risking another wave of inflation.

Does the Fed Control Mortgage Rates?

This is one of the biggest misconceptions I hear.

The Fed does not directly set mortgage rates.

Mortgage rates are influenced by:

• The bond market (especially the 10-year Treasury)
• Inflation expectations
• Global economic conditions
• Investor demand for mortgage-backed securities

That said, when the Fed signals that rates will stay higher for longer, mortgage rates often remain elevated as well — even if they fluctuate day to day.

What This Means for Homebuyers Right Now

Even with higher rates, the housing market is still moving — just differently than it did a few years ago.

Here’s what I’m seeing:

1. Less Competition Than Before

We’re no longer in the frenzy of 2021–2022. Fewer bidding wars mean buyers can:

• Negotiate price
• Ask for seller concessions
• Request interest rate buydowns

2. Creative Financing Matters More Than Ever

This is where working with an experienced loan officer becomes critical. Options like:

• Temporary or permanent rate buydowns
• Adjustable-rate mortgages
• Seller-paid closing costs can make a significant difference in affordability.

3. Waiting for the “Perfect” Rate Can Cost You

Many buyers are sitting on the sidelines waiting for rates to drop. But here’s the reality:

• When rates eventually fall, buyer demand will surge
• Home prices may rise again
• Competition will increase

Buying now and refinancing later can often be a smarter long-term strategy — if it’s done correctly.

What About Homeowners?

If you already own a home, this rate environment still presents opportunities:

• Consolidating high-interest debt
• Accessing home equity strategically
• Planning ahead for a future refinance when rates improve

Even if refinancing doesn’t make sense today, having a plan in place puts you ahead of the curve.

The Bottom Line

The Federal Reserve holding rates steady doesn’t mean you should put your life on pause. It means the market requires strategy, guidance, and timing — not guesswork.

Every buyer’s situation is different. Every homeowner’s goals are unique. That’s why personalized advice matters more now than ever.

If you’re wondering how today’s rates affect your buying power or long-term plans, I’m always happy to have that conversation.

Bruce Singer
Senior Loan Officer | NMLS #197960
Vision Home Mortgage | NMLS #357565
Call or Text: 702-217-5525

Let’s make sense of the market together — and put you in the best possible position, no matter where rates go next.