The Federal Reserve just hit the brakes — again. At their May meeting, the Fed opted to hold interest rates steady, keeping the benchmark rate unchanged for now. This comes amid a mix of political pressure and economic uncertainty, but for Tampa Bay buyers and sellers, it raises one big question:
What now?
As of this week, the average 30-year fixed mortgage rate hovers around 6.86%. While we saw a slight dip in rates, it wasn't directly because of the Fed's decision — it was more of a ripple from broader financial market movement.
Here's how this impacts