As mortgage rates hit 18-month low, what will the Fed meeting mean for housing? – USA TODAY

As mortgage rates reach their lowest point in 18 months, many are wondering how the upcoming Fed meeting will impact the housing market. The decrease in mortgage rates is certainly good news for potential homebuyers, as lower rates make homeownership more affordable.

The Federal Reserve plays a key role in determining interest rates, which in turn affect mortgage rates. The Fed meeting will provide insight into the central bank’s future plans for interest rates, and this information could have a significant impact on the housing market.

If the Fed decides to lower interest rates, it could potentially lead to even lower mortgage rates, making it an even more attractive time to buy a home. On the other hand, if the Fed decides to raise interest rates, mortgage rates could also increase, making homeownership more expensive.

Overall, the Fed meeting will be closely watched by those in the housing market, as it has the potential to influence mortgage rates and ultimately, the affordability of homeownership. Those looking to buy a home in the near future should keep a close eye on the outcome of the Fed meeting to make informed decisions about their mortgage options.