The Fed is Expected to Cut Rates. Don’t Expect Mortgage Rates to Follow.

Yahoo Finance, August 16, 2025-Claire Boston

A funny thing happened when the Federal Reserve began cutting interest rates last fall: Mortgage rates actually rose.

Now, the central bank is gearing up to cut benchmark interest rates again, and there’s a chance something similar could happen once more.

The reason? Today’s mortgage rates already reflect expectations about the Fed’s next move: This week, they hit 6.58%, the lowest level since October 2024.

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