Three Fed Officials Tried to Raise Your Rate (And Lost!)

Three Fed officials just voted to raise rates this week, and they got outvoted. In this week's update, I break down what the Fed's decision to hold the Fed Funds Rate at 3.50 to 3.75 percent means for mortgage rates, home buyers, and real estate agents.

Here is what we cover:

The split Fed vote and why three officials wanted a hike June PCE inflation cooling to 3.7 percent and Core PCE at 3.3 percent Home prices still rising per Case-Shiller and the FHFA Home Price Index Second quarter GDP coming in at 1.5 percent What stable rates and firm prices mean for your next move

Whether you are buying a home or financing a commercial deal, I handle both residential and commercial lending nationwide.