If you're thinking about buying a home, the interest rate on your mortgage is probably top of mind, directly impacting your monthly payments. But what most people don't realize is that these rates aren't static; they're a moving target influenced by global markets and economic policy.
Mortgage rates are trending because the Federal Reserve's actions directly impact borrowing costs, making headlines for anyone looking to buy or refinance a home.
The Fed recently paused interest rate hikes after a series of increases, creating uncertainty and speculation about future mortgage rate movements.