30-year fixed: 6.53% 15-year fixed: 6.12% 10-year Treasury: 4.5% Average rates from mortgage news daily

Rates jumped last week after the Fed meeting and wiped out a week's worth of progress.

The big reason was the dot plot. That's where each Fed member shares where they think the Fed Funds Rate is headed. The average member now sees rates at least 0.25% higher by the end of 2026 than they did back in March.

The new Fed Chair's press conference didn't help either. Traders were hoping for a softer tone, and they didn't get one.

Since then there has been quite a bit of bond-buying which has helped rates get back down to the lowest levels we've seen since ...May 14 :)

I write educational posts on buying your home for the first time at r/NewbHomebuyer

Originally shared by u/SamTMortgageBroker in r/NewbHomebuyer — view the original thread.