📉FOMC Meeting: Rates and The Road Ahead
The Federal Open Market Committee (FOMC) meets today, and the buzz is all about a likely quarter-point cut to the federal funds rate. Before you wait for mortgage rates to drop overnight, here is the reality check every homebuyer needs:
The Fed Rate ≠ The Mortgage Rate
The News: Everyone anticipates a 0.25% cut today.
The Reality: Mortgage lenders are smart—they look ahead. Today’s mortgage rates have likely already "priced in" this 25 basis point cut.
The Takeaway: Don't expect a sudden plunge in mortgage rates tomorrow morning just because the Fed acted today.
👀 2026 Outlook & Leadership Changes Based on current Fed projections, we are anticipating more rate cuts next year. However, a major shift is on the horizon:
We expect President Trump to appoint a new Federal Reserve Chairman in Q2 of next year. This leadership change could signal a new direction for monetary policy as we move further into 2026.
📅 Weekend Lineup: Dec 12–14
🎪 The Big One: Holiday Nights @ Greenfield Village (Fri-Sun)
🕯️ Romantic Night Out: Candlelight Concerts @ Birmingham/Detroit (Fri & Sun)
🦁 For the Kids: Wild Lights @ Detroit Zoo (Daily)
❄️ Chill Drive: Wayne Co. Lightfest @ Hines Drive (Daily)
🎁 Shop Local: Eastern Market Holiday Market @ Detroit (Sunday Only)
📈Keeping Up With the Market!
*All Data pulled today throughout all of Michigan today!
If you—or someone you know—need anything at all I’d be happy to help!
All the best,
Tim Tripon
📱 248.835.8197