What a Fed Rate Cut Could Mean for Mortgage Rate
IThe Move: What Happened on September 17 On September 17, 2025, the Federal Open Market Committee (FOMC) cut the federal funds rate by 25 basis points, bringing it down to 4.00%–4.25% — its first rate reduction since December 2024. Federal Reserve Official Statement Fed Chair Jerome Powell said the committee would continue to make data-driven decisions and stopped short of promising a steady series of cuts. […]
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