Blog Post

June 19, 2026
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June 19, 2026

Why Waiting for Lower Rates Could Mean Fewer Choices Later

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Waiting for the Fed to cut rates before you buy?

This week made that strategy less certain.

The Fed held its benchmark rate steady, but its message turned more cautious. Quick rate relief now looks less likely, and mortgage rates moved higher after the announcement before recovering some ground Thursday.

Meanwhile, buyers kept moving. Pending home sales rose 3.8% in May, well above expectations.

But new construction moved in the opposite direction. Housing starts fell 15% to their lowest level since 2020.

Here’s why that matters to you: If fewer homes are built while buyer demand continues, waiting may not lead to an easier market. It could mean fewer choices and more competition when you’re finally ready.

You don’t need to predict the Fed’s next move. You need to know what payment works for you, understand your options, and be ready when the right home appears.

Reach out, and we’ll help you run the numbers without the guesswork.

Featuring:

Rate Source: MortgageNewsDaily.com

*The Mortgage News Daily index attempts to capture the most prevalently quoted conventional, FHA, and VA 30-year fixed rates for highly qualified homebuyers that meet the appropriate down payment requirements and have no major loan-level price adjustments.

Mortgage News Daily is a trademark of Mortgage News Daily, LLC. CrossCountry Mortgage, LLC; its subsidiaries; and its affiliates have not been authorized, sponsored, or otherwise approved by Mortgage News Daily, LLC or any of the above-mentioned companies.

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