Why Fed Rate Cuts Aren’t a Cure-All for High Mortgage Rates

Mortgage rates have struggled recently, with a notable increase following the Federal Reserve's rate cuts. Despite a 0.25% reduction on Nov. 7, experts do not expect significant drops in mortgage rates soon. Rates remain volatile, influenced by factors like inflation and employment data. While long-term cuts may eventually lower rates, a return to pandemic-era lows is unlikely. Homebuyers are advised to monitor rates closely and make informed decisions based on their financial situation rather than waiting for the perfect moment.