3 mortgage moves to make before the June Fed meeting

Article excerpt

The Federal Reserve's June 16 meeting could reshape mortgage rates, prompting borrowers to act now. The article outlines three strategic moves homeowners and refinancers should consider before the Fed potentially adjusts interest rates, locking in current terms, assessing refinancing opportunities, and evaluating fixed-rate versus adjustable-rate options. Each decision hinges on how the Fed's monetary policy shift might affect borrowing costs. The timing matters: rates could shift either direction depending on inflation data and economic signals the Fed receives before the meeting, making pre-June decisions crucial for those planning home purchases or refinancing.