Getting Ready for a Possible Interest Rate Drop as Jerome Powell Nears the End of His TermHomebuyers, sellers, and investors across the country—and especially here in Virginia Beach and Hampton Roads—are paying close attention to one big question:Will mortgage rates drop as Federal Reserve leadership changes?With Federal Reserve Chair Jerome Powell eventually leaving office, markets are already starting to price in what could come next. While no one can predict interest rates with certainty, history shows that Fed transitions often signal policy shifts, and those shifts can create opportunity for prepared buyers and sellers.Here’s how to get positioned before the crowd rushes in.Why Jerome Powell’s Exit Matters to Mortgage RatesJerome Powell’s tenure has been defined by aggressive rate ... 02/04/2026