{"id":436225,"date":"2026-01-29T05:13:08","date_gmt":"2026-01-29T05:13:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/436225\/"},"modified":"2026-01-29T05:13:08","modified_gmt":"2026-01-29T05:13:08","slug":"mortgage-rate-winning-streak-ends-but-just-barely","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/436225\/","title":{"rendered":"Mortgage Rate Winning Streak Ends, But Just Barely"},"content":{"rendered":"<p>On some occasions, a rate announcement from the Federal Reserve (even one that results in no change to the Fed Funds Rate) can cause a huge move in <a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\" rel=\"nofollow noopener\" target=\"_blank\">mortgage rates<\/a>. Today was not one of those days, but in its defense, it was never that likely to be.<\/p>\n<p>In order for a Fed announcement to have a big impact, it has to surprise the market in some way. A rate cut (or absence thereof) is rarely a surprise these days. Instead, the market is more likely to receive new information via the Fed&#8217;s economic projections and the Chair&#8217;s press conference.<\/p>\n<p>Economic projections come out every other meeting and this wasn&#8217;t one of them. So any chance of excitement rested with Powell&#8217;s press conference. But Powell stayed perfectly on-script, striking a balance between hope and caution.<\/p>\n<p>Financial markets agreed. There was essentially no reaction to any of today&#8217;s Fed events in stocks or bonds. Flat bonds = flat mortgage rates all else equal. Today&#8217;s average rate was microscopically higher than yesterday&#8217;s, but that happened well before the Fed announcement and not for any specific reasons.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"On some occasions, a rate announcement from the Federal Reserve (even one that results in no change to&hellip;\n","protected":false},"author":2,"featured_media":436226,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-436225","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/436225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=436225"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/436225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/436226"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=436225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=436225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=436225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}