With Fed Rate Cuts on Ice, Mortgage Rates Are Unlikely to Move

The Fed held interest rates steady in its meeting on Wednesday, as expected. This marks the first time since July the Fed hasn’t cut rates. 

Takeaway: Mortgage rates will stay where they are as the Fed keeps rates unchanged, as anticipated. The Fed said it doesn’t expect to resume cuts for the foreseeable future, as they don’t see a reason to do so.

After cutting the Fed Funds…