waiting on second semester grades to come out

If I still haven’t found out whether I am accepted or not by now, does it decreases my chance of transferring for the fall semester? My portal says to wait for my second semester grades to come out to make a final decision.

No, they make decisions almost all the way into August. And most other applicants are in the same position like me. They are sophomore year applicants and won’t get a decision until 2nd semester grades are posted. No worries at all.