🪓 The Fed cut rates this week — but mortgage rates went up! 🏡📈 Here’s why: 🎙️ Powell’s press conference reminded markets that another cut in December is “not a foregone conclusion — far from it.” 🛑 Add in the ongoing government shutdown (which means no key inflation or jobs data before the next meeting), and it’s no surprise the bond market — and mortgage rates — moved in the wrong direction. ✅ Bottom line: a Fed cut doesn’t always equal lower mortgage rates. 🗣️ Want to talk strategy or ti

🏡 Mortgage Rate Friday is here! Rates are holding steady and sitting near 3-year lows — which means it’s still a great time for buyers to lock in, refinance, or finally start that home search you’ve been putting off. The market’s been calm this week, with only minimal movement in bonds, so no major surprises. Stability is always a win in our world! 👏 | loanDepot Ignite Girls