Will mortgage rates drop further after the Fed's rate cut? Not necessarily
ABC Newsยท2025-09-18 06:06
The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep droppingFILE - A development of new homes in Eagleville, Pa., is shown on April 28, 2023. (AP Photo/Matt Rourke, File)LOS ANGELES -- Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it.As expected, the central bank delivered a quarter-point cut Wednesday and projected it would lower its benchmark rat ...