Mortgage Rate Updates from Tracy Shaw of Prestige Capital It’s no surprise that the Federal Open Market Committee (FOMC) did not lower the benchmark interest rate in their March meeting last week. The target rate has remained at a range of 3.50% to 3.75% since December 2025. For the most part, economists expect no aggressive…
Fed Announces No Rate Changes – Info from Prestige Capital The Federal Reserve held the benchmark interest rate at 3.5% and 3.75% in their meeting last week. While Fed decisions do not have a direct effect on long-term mortgage rates, borrowing costs for home loans often mirror fed fund rate trends. Financial experts don’t expect…
Will Rates Go Down in 2026? – Info from Tracy Shaw of Prestige Capital We closed 2025 with mortgage rates hovering in the low-6% range, and many consumers want to know if rates will continue to fall in 2026.Rates have been somewhat consistent over the last two months, and most experts agree that rates will…
50-Year Mortgage Idea Falls Flat – Information from Prestige Capital Bill Pulte, the current Federal Housing Finance Agency director, floated the idea of introducing a 50-year fixed-rate mortgage last week on social media. However, that may not be a viable solution to affordable housing. This might be a case where the “cons” outweigh the “pros.”…
Rates Have Eased – See if a Refi with Prestige Capital Makes Sense for You A quick market update: mortgage rates have eased recently as inflation data continues to show gradual improvement. That shift is giving many homeowners a new opportunity to lower monthly payments, shorten their term, or access cash for projects—without overpaying to do it.…
Mortgage Rate Updates from Tracy Shaw of Prestige Capital The Federal Reserve met last week, and announced they would hold the Federal Funds Rate steady for now, as most investors predicted. The benchmark rate has been 4.25% to 4.5% since last December, as the Fed awaits more data to evaluate the impact tariffs will have…