Inflation challenges and Fed expectations

What you missed this week on Bankrate [view in browser]( [Bankrate®]( Homebuying and inflation Prospective homebuyers face many challenges due to inflation, high home prices and rising mortgage rates. In other news, learn about the Fed’s expected rate hike next week and its implications for the mortgage market. [Read the roundup]( top 30-year cash-out offers [rates]( [rates]( Homebuying and inflation Mortgage rates have risen as the Fed tries to tamp down inflation, and home prices remain high by historical standards. It’s a challenging time for prospective homebuyers, so you may consider waiting for prices to cool down at the expense of building equity sooner. [Read the article]( The Fed and mortgage rates The Fed is expected to raise rates by an additional three-quarters of a percentage point, following historic rate hikes earlier this year. The Fed does not directly set mortgage rates, but fixed-rate mortgages are tied to the 10-year treasury rate, and the central bank’s decisions have impacts throughout the mortgage market. [Read the article]( Catching up on missed mortgage payments As inflation soars, more Americans are at risk of falling behind on mortgage payments. If you’re at risk of foreclosure, it’s important to communicate with your lender to find solutions. Options include forbearance, repayment through installments, and national and local assistance funds. [Read the article]( [ ] [ ] [new! Bankrate cash back](#) Buying a new home? Get a $500 reward card when you close on a loan* Shop mortgage rates from top lenders and apply online. Close on your new loan with one of our lending partners. Upload your closing documents and redeem your cash back! Shop mortgage rates from top lenders and apply online. Close on your new loan with one of our lending partners. Upload your closing documents and redeem your cash back! [Compare rates]( [ ] take your next step [Mortgages]( [Wealth]( [Credit cards]( [Loans]( [Investing]( [Home equity]( [Insurance]( [Retirement]( [fb]( [insta]( [in]( [tw]( [yt]( [tiktok]( © 2022 Bankrate LLC. All Rights Reserved. Bankrate LLC • 38 01 PG A Boul evard • Su ite 5 55 • Palm Beach Gardens, FL 33410 *Cashback Offer only available from August 1, 2022 to October 31, 2022. Offer not available in NY, AK and MS. Advertising Disclosure: The table above is a snapshot of our current rate table and does not include all available rates. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or available products. Bankrate does not endorse or recommend any companies. *Cash-out refinance offers based on a $260,000 loan amount. Bankrate, LLC NMLS ID #1427381 | [NMLS Consumer Access]( BR Tech Services, Inc. NMLS ID #1743443 | [NMLS Consumer Access]( You received this update at {EMAIL} because you have a Bankrate account. You may unsubscribe from this email [here](. View our [privacy policy](.