THE FED AIN’T YOUR MORTGAGE DADDY.

(A FACEBOOK POST FROM MATT WILSON)

Time for a little soapbox moment, brought to you by caffeine and people still blaming Jerome Powell for their interest rate sadness.

Let me clear something up before you delay your home purchase into the next Ice Age:

The Fed doesn’t control mortgage rates.

It’s like thinking the DJ controls the lights at the club. Looks cool, but nah. Wrong guy.

Here’s what really happens:

The Fed controls short-term stuff, like credit cards, car loans, and that HELOC your neighbor regrets.

But mortgage rates? Those long-term 30-year beasts?

They follow the 10-year Treasury yield, which is basically Wall Street’s mood ring.

Let’s flashback to last September:

Fed cuts their rate. Everybody’s cheering like it’s halftime at a Titans game.�(lol, JK… no one’s been cheering at halftime of titans games the last few years.)

“Mortgage rates are gonna DROP!” they said.

Except… they didn’t.

They went UP. Like “are you kidding me” up.

Mortgage rates improved before the Fed said anything… then got worse right after.

Why?

Because markets already expected it. They’re like your dog who knows when you touch the leash. You don’t have to say a word.

So yeah, mortgage rates have trust issues. They don’t wait around. They definitely don’t follow Fed directions. And they love to do the opposite just to mess with us.

Here’s the point:

Stop waiting for the Fed to fix your rate.

Start fixing your game plan.