June 17, 2025

Mortgage rates tracked the bond market today—starting off a bit higher following strong retail data, then easing back as bonds gained strength. This shows how quickly mortgage rates can shift based on economic reports and signals from the Fed.

What to Expect Tomorrow

Keep an eye on the Fed’s upcoming “no cut” announcement and the new dot plot forecast. If the Fed indicates that rates will remain elevated for longer, mortgage rates may hold steady or rise. But if the tone softens, we could see rates dip a little. Either way, tomorrow’s news will influence borrowing costs in the weeks ahead.

Tips for Homebuyers, Sellers, and Homeowners

Homebuyers: Watch tomorrow’s announcement closely—it could impact your monthly mortgage payment. If rates look like they’re heading up, locking in a rate sooner rather than later could save you money.

Sellers: Rising rates can slow down buyer interest, so pricing your home right and showcasing its best features will help attract serious buyers.

Current Homeowners: If you have an adjustable-rate mortgage or are thinking about refinancing, the Fed’s update could affect your payments. It’s a good time to review your loan options, especially if rates start moving higher.