Fed holds at 3.75%-4% with two members voting to raise — metro Atlanta financing costs stay elevated into the December meeting

The Federal Open Market Committee kept the federal funds rate at 3.75% to 4% on Oct. 28 on a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point hike, six weeks after the Fed's first rate increase in three years; markets now watch the Dec. 8-9 meeting for the next move. A Metro Atlanta market analysis on ActiveRain notes long-term mortgage rates track the 10-year Treasury yield — still near 5% in October — keeping conventional 30-year financing above 7% regionally despite the Fed pause. For a fix-and-flipper: no relief on the cost of money — hard money and DSCR pricing key off these same benchmarks, so keep hold periods short, assume your retail buyer is qualifying above 7%, and stress-test exit prices accordingly.