The Fed meets in 9 days. Should you lock your rate now or wait?

The Federal Reserve meets on June 17, about 9 days from now. They'll decide whether to raise, lower, or hold their benchmark interest rate. Markets usually get nervous in the run-up to these meetings, and that nervousness can nudge mortgage rates around. Today's average rate is 6.375%, and the bond market (which sets mortgage rates) edged a bit lower this morning. But that can reverse quickly.

If you're shopping right now, here's the reality. Rates are a moving target. They can shift day to day, sometimes hour to hour. If you're serious about a home and comfortable with the rate you see, locking sooner protects you from a bad surprise. If you want to wait and see if the Fed meeting brings better news, just know you're betting on timing. I can walk you through both paths and show you the real cost difference.

I'm Brett Hickman. I answer my own phone at (949) 350-8005, and I'll get you a straight answer on what locking today versus waiting actually means for your payment. No pressure, just real numbers. Informational only, not a commitment to lend, rates subject to change. Equal Housing Opportunity. NMLS 2010859.