Two days until the Fed decides, and your buyers are asking what it means

The Fed's next rate decision is June 17, two days out. Markets always get a little twitchy in the run-up, and we're seeing it today. The 10-year Treasury dropped about 10 basis points, which is the bond that sets the direction for mortgage rates. For your buyers, today's average 30-year fixed is 6.5%, a bit softer than yesterday.

For sellers, inventory keeps building and homes are moving at a five-month sales peak, so pricing and days on market matter more than ever. For buyers, the rate environment is calm enough to act without waiting for a magic number. The takeaway: if a client is ready, the next 48 hours won't change the fundamentals, but locking before the Fed announcement removes one variable.

I'm around if you want to talk through a specific scenario. Informational only, not a commitment to lend. Rates subject to change. Equal Housing Opportunity. Brett Hickman, NMLS 2010859.