Will Mortgage Rates Go Down After Fed Meeting Week?

Nile Lundgren, founder of the Lundgren Team at SERHANT., with $550M in sales, answers will mortgage rates go down after Fed meeting week with what is priced: traders put over 90% odds on the Fed holding rates steady, per the CME FedWatch Tool via CNBC. From Nile's seat, sellers will have to take a little less.

If you are buying or selling in New York or Florida this week, you can reach Nile Lundgren and the Lundgren Team at SERHANT. here.

Will mortgage rates go down after Fed meeting day on Wednesday?

The market is priced for a hold, not a cut. Traders put the odds that the Fed holds rates steady on Wednesday at over 90%, per the CME FedWatch Tool, as reported by CNBC on October 26, 2026.

On the mortgage side, Freddie Mac's Primary Mortgage Market Survey put the 30-year fixed-rate mortgage at 7.32% as of October 22, 2026. Freddie Mac releases the survey weekly on Thursdays, so the next reading is due Thursday, October 29.

Per Freddie Mac, the survey results are based on mortgage rates from thousands of loan applications submitted to Freddie Mac from lenders across the country. Each weekly result is an average of loan rates offered from the prior Thursday through Wednesday, and Freddie Mac publishes it each Thursday at noon ET.

The hold odds come from CME FedWatch, which, per CME Group, tracks the probabilities of changes to the Fed rate as implied by 30-Day Fed Funds futures prices.

For what any rate means for your own purchase, talk to a lender.

Sources: CNBC, October 26, 2026, Freddie Mac Primary Mortgage Market Survey, October 22, 2026, Freddie Mac, About PMMS, CME Group, FedWatch

When is the Fed meeting in October 2026?

The Federal Open Market Committee meets October 27-28, 2026, per the Fed's calendar, and CNBC reports the rate decision comes on Wednesday.

The FOMC is the Fed's monetary policy committee. Per the Federal Reserve, it has twelve members and holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions and determines the appropriate stance of monetary policy.

Other scheduled releases this week:

• Tuesday, October 27: September new-home sales from the Census Bureau, the Case-Shiller home price indices, and the FHFA House Price Index.
• Wednesday, October 28: the Fed rate decision.
• Thursday, October 29: the advance estimate of third-quarter GDP and September personal income and outlays, which includes the PCE price index, from the Bureau of Economic Analysis, plus the next Freddie Mac weekly mortgage survey.

What the housing and inflation releases cover, per the agencies that publish them:

• New Residential Sales, from the Census Bureau, reports sales of new single-family houses.
• The FHFA House Price Index measures changes in single-family home values, based on repeat sales or refinancings on the same properties.
• The PCE price index, from the Bureau of Economic Analysis, reflects changes in the prices of goods and services purchased by consumers in the United States. It is released each month in the Personal Income and Outlays report.

Schedule sources: Federal Reserve FOMC calendar, Federal Reserve, About the FOMC, Census Bureau Economic Indicators, Census Bureau New Residential Sales, FRED Case-Shiller release calendar, FHFA HPI release dates, BEA release schedule, BEA, PCE Price Index

For more on whether a slow stretch means something bigger, see Is the housing market going to crash?

Will mortgage rates go down with Fed Chairman Kevin Warsh?

The market is not priced for a cut at this meeting. CNBC refers to Chairman Kevin Warsh ahead of Wednesday's decision, and traders still put the odds of a hold at over 90%, per the CME FedWatch Tool.

Should I wait until after the Fed meeting to buy or sell?

From Nile's seat, buyers have to get out and make a lot of offers, and sellers will have to take a little less.

The Wednesday decision is already priced as a hold at over 90% odds, per the CME FedWatch Tool via CNBC. The Freddie Mac 30-year average was 7.32% as of October 22, 2026.

If you want to see what is on the market in New York right now, browse current New York listings here.

For why sales are slow while sellers hold their ground, read Is the housing market frozen right now?

FAQ

Will mortgage rates go down in the next 30 days?

This post does not forecast rates. What is scheduled in that window: the Fed decision on Wednesday, October 28, and Freddie Mac's weekly mortgage survey every Thursday.

Will mortgage rates go down in 2027?

This post does not forecast rates. The latest Freddie Mac reading is 7.32% for the 30-year fixed as of October 22, 2026. For your own numbers, talk to a lender.

Where do the numbers in this post come from?

The rate is Freddie Mac's Primary Mortgage Market Survey: a 30-year fixed average of 7.32% as of October 22, 2026. The hold odds come from the CME FedWatch Tool as reported by CNBC on October 26, 2026.

How do I contact Nile Lundgren about buying or selling during Fed week?

Call (917) 453-4526 or use the contact page at nilelundgren.com/contact.

Nile Lundgren, founder of the Lundgren Team at SERHANT., with $550M in sales. Licensed in New York and Florida. RealTrends Top 1 percent. Cast member of Netflix's Owning Manhattan.
Call (917) 453-4526 or contact the Lundgren Team at SERHANT. at https://nilelundgren.com/contact

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Nile Lundgren, founder of the Lundgren Team at SERHANT., has $550M in sales and is recognized among the RealTrends Top 1 percent. A cast member of Netflix's Owning Manhattan, he works with buyers, sellers and investors across New York and Florida, including Miami and Tampa. Tell him what you are planning and his team will follow up.