The Federal Reserve just froze interest rates yet again. Here's what that could mean for mortgage rates.

The Federal Reserve has frozen interest rates, causing the Dow to experience its worst day of the year. Chairman Kevin Warsh emphasized that officials have no tolerance for persistently elevated inflation. This decision to maintain rates could impact mortgage rates, prompting borrowers to take three strategic steps now. The move reflects the central bank's commitment to fighting inflation despite the immediate negative reaction from the stock market following the Wednesday announcement regarding the rate pause.