The Federal Reserve just lowered the federal funds rate, but mortgage rates actually increased — why does this happen? In this week’s Rate Watch, your mortgage guy Dave Steinberg breaks down what’s really going on with interest rates, what it means for homebuyers, and how to prepare for your next big move in real estate.
📈 In this video, you’ll learn:
Why mortgage rates often rise right after the Fed cuts rates
How this short-term trend can shift over time
Why a small rate change (⅛–¼%) usually won’t make or break your deal
How one homebuyer overcame “analysis paralysis” and made a confident offer
The power of building your Dream Team: mortgage broker, realtor, attorney, insurance agent, and home inspector
💡 Pro Tip: Having a trusted real estate team makes your decisions faster, smarter, and less stressful.
Summary:
✅ The Federal Reserve dropped the federal funds rate, but mortgage rates went up — a common short-term pattern.
✅ Historically, when the Fed cuts rates, mortgage rates rise temporarily, then may improve over time.
✅ Small rate differences (⅛–¼%) usually don’t make or break a homebuying decision.
✅ Success story: A client overcame hesitation to make an offer after getting guidance and support.
✅ Pro tip: Build your “Dream Team” — mortgage broker, realtor, attorney, insurance agent, and home inspector — to make confident, informed homebuying moves.
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
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