In the ever-shifting seas of real estate, one factor that often raises questions and concerns is the ebb and flow of interest rates. As your trusted realtor, I believe it’s crucial for us to sail through these waters together, understanding how interest rate fluctuations can impact your homebuying journey. So, let’s set sail and explore this dynamic landscape. The Anchor: Understanding the Basics At the heart of interest rate fluctuations is the benchmark set by the Federal Reserve—the federal funds rate. This rate serves as a compass, guiding the direction of short-term interest rates in the broader financial market. Riding the Waves: Impact on Mortgage Rates When the Federal Reserve…