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Borrowers Urged to Lock Mortgage Rates Before Fed Meeting

4/16/2026

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Summary

Story summary

Borrowers should lock in mortgage rates before the Federal Reserve meeting on April 28-29, to guard against potential increases.
Mortgage rates have stabilized around 6.25% after rising from 5.75% in early March.
The Federal Reserve is unlikely to cut rates.
Officials' comments could push rates higher.
With no Federal Reserve meetings until June, borrowers should consult with lenders to explore options.

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Story summary

Borrowers should lock in mortgage rates before the Federal Reserve meeting on April 28-29, to guard against potential increases.
Mortgage rates have stabilized around 6.25% after rising from 5.75% in early March.
The Federal Reserve is unlikely to cut rates.
Officials' comments could push rates higher.
With no Federal Reserve meetings until June, borrowers should consult with lenders to explore options.