3 mortgage moves to make before the July Fed meeting

Home loan borrowers could benefit from making strategic moves now, before the July Federal Reserve meeting commences. Wanida Prapan/Getty Images A new month brings new developments for millions of American borrowers. And if you're a homebuyer or owner looking to refinance, that may or may not be a good thing. After mortgage interest rates declined by around a full percentage point in 2025, volatility in this space in the first half of the year erased much of that decline. With rates under 6% as recently as April, most borrowers find themselves being offered rates substantially higher right now. With a Federal Reserve meeting looming for later in the month, however, and a not insignificant chance of a rate hike then (the CME Group's FedWatch tool currently lists a rate hike at a 27% likelihood), borrowers still hoping to secure a cost-effective interest rate may want to consider select, strategic moves right now. While these moves won't necessarily lead to an improvement in the mortgage rate space, they can protect borrowers from any other increases and, with a little luck, allow them to proceed with their purchase and refinancing plans. Start by seeing which mortgage rate offers you currently qualify for here . …