On September 16, 2026, the Federal Open Market Committee unanimously raised the federal-funds target range by 0.25 percentage point to 3.75%–4.00%. The Fed said economic activity was expanding at a solid pace, while inflation remained elevated.
Why this matters for real estate: higher benchmark rates can flow through to construction loans, bridge financing, development debt, refinancing and capitalization assumptions. The effect on individual real-estate projects varies by financing structure, loan term and market.






