The Fed held rates at 3.75%–4.00% today, Oct 28, 2026 — and the 30-year fixed mortgage rate sits at 7.14% on the daily tracker tonight. The 10-year Treasury yield ticked up to 5.03% after the decision — and that bond-market number, not the Fed headline, is what sets your mortgage rate. Lock or float after today's decision, what the Fed's statement actually said about December, and the plain-English playbook for buyers, sellers, and refinancers.In this episode:- The Fed's Oct 28 decision: HOLD at 3.75%–4.00%, vote 10–2 (Cook and Hammack dissented — they wanted a hike)- Mortgage rates today: 30-year fixed at 7.14% daily (last Freddie Mac weekly survey: 7.32%)- How the Fed decision actually reaches your mortgage rate — the 10-year Treasury + spread, explained plain- The statement decoded: "Inflation remains elevated" — and what the Fed refused to rule out about December- Lock or float: buyers under contract, buyers still shopping, and refinance candidates- December 8–9 FOMC outlook: the inflation and jobs reports that decide the next movehttps://www.youtube.com/channel/UC3H9FvDGOjFlicWiD3vZLZgPlaylist: https://www.youtube.com/playlist?list=PLR9q3rB6m7sASpotify: https://open.spotify.com/show/5AFpa5EVdpWh0UplBhXrL4Apple Podcasts: https://podcasts.apple.com/us/podcast/daily-market-update/id6820718692iHeartRadio: https://iheart.com/podcast/347247850/Co-hosted by Issac Harper & Chloe BrooksQuestions about buying, selling, or refinancing in Texas? Call 512-203-2245 · issac.harper@ireaf.com · Real Estate Broker/Realtor | TREC Lic. #0437275 | Mortgage Loan Officer | NMLS #2580938This episode is education, not personal financial advice. Rates shown are national averages/examples, not a quote — talk to your lender about your loan.