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Do not make Fed day your only mortgage decision point

The video explains that mortgage pricing can respond to expectations before a scheduled Federal Reserve announcement takes place.

By Eric Hamilton · Published October 6, 2026

Originally uploaded May 26, 2026 · 1:13 · Watch on YouTube

Written companion added October 6, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Separate the policy decision from your quote

The Fed’s short term policy rate and a long term mortgage rate are different. Investors respond to inflation, economic information and expectations about future conditions. A scheduled announcement may confirm what markets already anticipated or contain a surprise. That means waiting until the announcement is not a dependable way to obtain better mortgage pricing.

Set a plan you can use before and after news

Ask your lender how today’s payment fits your budget, whether the rate is locked and what the lock terms require. Decide what change would make you reconsider a purchase or refinance. Revisit that plan as information changes rather than treating a particular announcement as a promised turning point for rates.

Does the market always move before the Fed announcement?

No. Expectations matter, but new information and surprises can also change pricing afterward.

Sources and scope

This May 26, 2026 clip discusses that period’s rate expectations. Its comments about possible hikes or cuts are not a current Fed forecast.

  1. St. Louis Fed: What determines mortgage rates Accessed October 6, 2026
  2. CFPB: Mortgage rate locks Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

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