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Mori Jo Conkrite
REALTOR®, NWIAR Board Member, NAHREP Board Member, NAHREP Member, PSA Certified
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Mori Jo Sells Homes Blog

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Buyers | 3 Posts
Federal Interest Rate Information | 1 Posts
Home Buyer Tips And Information | 41 Posts
Home Sellers Tips And Information | 31 Posts
Investor Information | 10 Posts
Market Update | 4 Posts
Rockford, IL | 5 Posts
Uncategorized | 2 Posts
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English
July
24

July 24th, 2025 by
? What's the deal with the Federal Interest Rate? Let's break it down?
The Federal Reserve doesn't set mortgage rates, but when it changes the federal funds rate (that's the rate banks charge each other), it impacts the overall cost of borrowing — including mortgages ?
? When rates go up → mortgage rates tend to rise
? When rates drop → it usually gets cheaper to borrow
⚠️ But here's the twist: mortgage rates also depend on inflation, investor confidence, and the housing market itself.
✅ Bottom line? Don't wait on headlines. Talk to a lender and a local pro (hi ?) to see what works best for you.
Mori Jo Conkrite-Realtor
815-979-9798
Licensed in IL & WI
Categories: Federal Interest Rate Information
Mori Jo Conkrite
Mori Jo Conkrite Office: (815) 397-4040 Cell: (815) 979-9798 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/09/2026. The listing information on this page last changed on 05/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 05/09/2026 10:34:19 AM EST) or MRED MLS (last updated Sat 05/09/2026 10:26:40 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 05/09/2026 10:19:28 AM EST) or Northern Illinois Commercial Association Realtors (last updated Fri 05/08/2026 2:10:11 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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