News

Luke Davis: Mortgage rates don’t always follow the Fed

As many of you know, the Federal Reserve, under Chairman Jerome Powell, recently announced a quarter-percent cut to its key interest rate, the first of 2025. Both in announcing this cut and in later remarks, Powell emphasized that the Fed intends to move cautiously, balancing the risk of cutting too quickly and reigniting inflation against the risk of keeping rates too high and slowing the job market.

Read MoreLuke Davis: Mortgage rates don’t always follow the Fed