Fed Rate Cuts Might Not Lead to Lower Mortgage Rates. What That Means for Investors.

For many months, Donald Trump pushed hard for the Federal Reserve to lower rates, arguing, in part, that the move would spur refinancing activity and make housing more affordable, thereby giving the economy an added jolt. And for many months, the Federal Reserve brushed aside his pleas—until now. In September the central bank cut the benchmark rate by 25 basis points ending a nine-month pause in the easing cycle. ...