The Westchester Brief | 06.16.26: No Rate Cut, and What It Costs You

Send us Fan MailThe Federal Reserve meets June 16–17, and markets put the odds of holding rates steady at roughly 99% — no cut since December. For Westchester County, where the median single-family home now runs about $940,000, that means mortgages stay near 6.5% and the "wait for a cut" strategy gets more expensive. We translate the Fed's decision into the real monthly cost of buying a home here, and explain why the oil-price spike is part of why the cut isn't coming.In This Episode:(0:00) Why a Washington rate decision lands on your Westchester mortgage(0:25) The data: a ~99% chance of a hold, 6.5% mortgages, and a $500-a-month gap on the county's median home(4:20) Quick hit: Playland opens for its 98th season(5:00) CloseSources: CME FedWatch / CBS News / NerdWallet (June 2026 Fed outlook); Freddie Mac PMMS (30-year mortgage rate); Q1 2026 Westchester residential sales data (median price).Leave a review on Apple Podcasts or share the show with a neighbor.Tags: Westchester County, I Live Here Westchester, local news, mortgage rates, Federal Reserve, housing market, home buyingSupport the showI Live Here Westchester is a production of I Live Here Media.We spotlight the voices, visionaries, and stories that make Westchester County more than just a place to live—it’s a place to belong.Have a guest suggestion or want to partner with us?Email: [email protected]: www.iliveheremedia.comFollow us on Instagram: @iliveheremediaSubscribe, rate, and share to support local storytelling.