The post Fed Holds Interest Rates Steady in Defiance of Trump's Call for a Cut—What It Means for Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.

The Federal Reserve is almost certain to hold interest rates steady at the conclusion of its meeting today, despite President Trump's demand that they be slashed immediately. If you're in the market for a home,

Trump said cutting interest rates would be "like jet fuel" for the economy "but he doesn't want to do it." He said Powell is "not in love with me." The Fed this week kept short-term borrowing costs in the 4.