Why Fed Rate Cuts Won't (Necessarily) Lead to Lower Mortgage Rates
The Wall Street Journalยท2025-09-17 04:00
Many hopeful home buyers and refinancers are hoping for the Fed to cut rates. But even if the Fed cuts rates, mortgage rates may not drop below 6%. For a few years now, the housing market has been in a bit of a stalemate.We've seen a lack of homes for sale, and homeowners who bought homes with low rate mortgages are reluctant to move and take on a higher rate. Mortgage rates often drop in anticipation of a Fed rate cut, which we've seen recently. Mortgage rates hit an 11th month low, offering a glimmer of h ...