After cutting its benchmark interest rate by a quarter point in September, the Federal Reserve is widely expected to implement two more cuts by year’s end, according to CNBC. [1] While this signals relief for many borrowers, mortgage rates remain high. As of the first week of October, the average 30-year fixed mortgage rate was 6.34%, according to Freddie Mac [2] — only slightly below the 52-week average of 6.71%. In other words, home loans haven’t become significantly cheaper, despite the Fed’s rate-cut ...