The Federal Reserve cut interest rates by 0.25% on December 18, but an interest rate cut is unlikely when the Fed issues its next policy decision on January 29.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

San Francisco Federal Reserve Bank President Mary Daly on Friday said the decision by the U.S. central bank to lower interest rates on Wednesday by another quarter percentage point was a "close call," adding she agreed with Chair Jerome Powell that caution is now warranted toward further policy adjustments.

The Fed announced its third straight rate cut this week, also signaling that additional reductions are likely in 2025. What could this mean for future mortgage rates?

"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices."

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said Friday she voted against the central bank’s rate cut earlier this week because economic strength and the inflation outlook argued against easing policy.

The Fed has delivered another interest rate cut, but unfortunately for homebuyers, it won't mean imminent relief for mortgage rates. As expected, the Federal Reserve cut its overnight policy rate by 0.

These are today's mortgage and refinance rates. Mortgage rates are higher following the latest Fed meeting, and they may not drop as much next year.

Federal Reserve Bank of Chicago President Austan Goolsbee said he adjusted his outlook for interest rates a little higher for 2025 but added he still expects borrowing costs to fall a “fair bit more” over the next 12 to 18 months.