There is a lot of talk about the Federal Reserve’s anticipated interest rate cut and how it will affect mortgage rates. Surprisingly, the rate cut itself will do almost nothing to change mortgage rates directly. To understand why, consider this: mortgage rates have dropped by more than 1.5% since late 2023, even though the Fed didn’t cut rates during that time. This works the other way around, too. For example, in early 2022, mortgage rates jumped by 1.5% before the Fed increased its … [Read more...] about Where are Interest Rates Headed?