On Wednesday, the Federal Open Market Committee (FOMC) is set to complete its second meeting under the watch of Chair Kevin Warsh. During his first meeting as Fed chair, Warsh indicated a shift away from the forward-looking guidance that was a signature of his predecessor, Jerome Powell. Household income growth continues to outpace house price appreciation, while mortgage rates remain 0.38 percentage points below year-ago levels, despite their recent increase.” A HousingWire Data analysis released last week found that buyer demand decreased across most U.S. metro areas due to elevated mortgage rates. Cohn noted that while mortgage rates remain near a 13-month peak and are likely to stay there as long as the U.S.-Iran conflict persists, there are creative financing options for prospective homebuyers and their loan officers to consider.