Salvador Cortez at Absolute Mortgage Group Inc.
Salvador Cortez
Absolute Mortgage Group Inc.
Phone: (916) 668-0043
Email: [email protected]
NMLS# 1813194
Company NMLS# 1874315
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When it comes to mortgage rates, most people assume they rise or fall based on whatever the Federal Reserve is doing.
But here’s the truth: the Fed doesn’t directly set mortgage rates —and relying on headlines or social media to “time the market” could cost you.
Let’s break down what actually happened this week—and what it means for you as a homebuyer.
This past Thursday was a federal holiday, which means the bond market (the real driver of mortgage rates) was closed. But even so, mortgage rates barely moved from Wednesday’s levels—and that’s actually good news.
Over the past 3 business days, rates have fallen slightly—by about 0.05% , according to Mortgage News Daily. The average 30-year fixed rate now sits around 6.86% , one of the lowest points since early April .
So yes, the market stayed calm. But no, it had nothing to do with this week’s Fed announcement.
This is where things get tricky—and why working with a mortgage expert really matters.
The Federal Reserve controls the federal funds rate , which influences short-term interest rates (like credit cards, car loans, and home equity lines). But mortgage rates? Those are driven by investor behavior in the bond market —specifically, mortgage-backed securities (MBS).
Mortgage rates go up or down based on:
Investor expectations about inflation
Economic outlook and job reports
Demand for MBS (mortgage bonds)
Global market reactions
Even if the Fed had cut rates this week—which wasn’t expected—mortgage rates might have gone up if investors thought it signaled long-term inflation or instability.
You’re probably wondering: “When should I lock in my rate?”
Here’s the answer: There’s no universal perfect time—but there’s a perfect strategy for your situation. That’s why mortgage pros stay on top of data, bond movements, and rate trends daily—so you don’t have to guess.
When you work with a mortgage expert, you get:
Real-time guidance (not outdated Google searches)
A strategy tailored to your income, credit, and goals
Rate lock advice based on market signals—not headlines
Mortgage rates are influenced by dozens of moving parts—not just the Fed. And timing your loan based on headlines or internet myths could leave money on the table.
Work with someone who tracks this market for a living—because small rate changes can mean big savings.
Let’s talk about your options and whether now is the time to make your move. Source: Mortgage News Daily
We've been helping customers afford the home of their dreams for many years and we love what we do... Company NMLS: 1874315 Personal NMLS: 1813194 NMLS Consumer Access
1942 Del Paso Road, Suite 130 Rm 103 Sacramento, CA 95834 Phone: (916) 668-0043 [email protected]
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