Rates, VA loans, down payments and mortgage strategy for Hampton Roads buyers — including what Fed decisions actually do to local payments.

The Federal Reserve held the federal funds rate at 3.50–3.75% at its July 28–29, 2026 meeting. Here's what that decision means for mortgage rates, home buyers, sellers, and military families across Hampton Roads.

The Federal Reserve voted 12–0 on June 17, 2026 to hold the federal funds rate at 3.5%–3.75%. Here's what that decision means for mortgage rates, buyer demand, and homeowners across Hampton Roads.

Should you go with a 15-year or 30-year mortgage on your Hampton Roads home? Barry Jenkins runs the real numbers on a $400K purchase — monthly payments, total interest, and equity over time — so you can decide with confidence.