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The Fed’s hold keeps loan officers focused on how mortgage pricing reacts, not on the policy rate itself.
FOMC leaves rates unchanged was the headline from the Federal Reserve’s October meeting, with the Federal Open Market Committee holding the federal funds target range at 3.75% to 4.0%, according to Realtor.com Research on Oct. 28, 2026. That is a policy target set by the Fed, not a national mortgage-rate average and not an available quote for borrowers.
For mortgage professionals, the practical point is simple: a Fed hold does not mean mortgage rates are frozen. It does mean borrowers, Realtors and referral partners will be asking what the Fed decision means for purchase power, locks and near-term payment expectations.