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Mortgage rates expected to hold steady after July Fed meeting

Redfin attributed the outlook to the Fed choosing not to hike, after markets had already priced in much of the move.

Reported · Written up by our desk · Mortgages

Mortgage rates are expected to hold largely steady following the Fed meeting in July, with Redfin pointing to the central bank’s decision to forgo a hike and its limited guidance on future plans.

Redfin said uncertainty was elevated going into the meeting, but the Fed ultimately avoided hiking because financial markets had already “done their work” in setting expectations.

Looking ahead, Redfin warned that mortgage-rate volatility could rise as fall approaches, implying greater sensitivity to incoming policy signals and market pricing.

The analysis also links the near-term rate outlook to how broader economic developments may shift expectations for Fed action, even as the current baseline is for rates to remain broadly unchanged for now.

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