The Federal Reserve has finally cut rates. Will mortgage rates follow? If you’ve been waiting to rate lock or refinance, is now the time, or does the market think we have even further to fall?

With inflation coming down from past years’ peaks and unemployment slowly ticking up, the Fed made the decision everyone was waiting for: cut rates…cautiously. There are still more 2025 rate cuts lined up, but they may not have the effect on mortgage rates that many people think. Many expect mortgage rates could dip into the mid-5% range by late 2025—Dave isn’t so sure.

Today, we’re giving you a full recap of the Fed meeting and their announcement, what current mortgage rates are, and interest rate predictions for the rest of 2025 and into 2026. Plus, Dave shares who should consider rate locking and refinancing right now as mortgage rates have fallen over the past couple of months.

If you missed the Fed meeting, don’t worry, this episode will get you up to speed!

In This Episode We Cover

The Fed’s recent rate cut announcement and where mortgage rates are today

Mortgage interest rate predictions and whether we’ll dip into the 5%-range by the end of 2025

Who should rate lock and refinance now, given that rates may go back up (what Dave would do)

Future Fed rate cuts and where current Fed members think we’ll be in 2026, 2027, and beyond

The two scenarios that could lead to us seeing 5% mortgage rates again

And So Much More!

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