The Federal Open Market Committee (FOMC) voted to cut rates by 0.25% at its meeting Wednesday on the heels of lackluster employment data and elevated inflation. But if you think mortgage rates will drop, too, you might want to temper your expectations. That's because mortgage rates don't always dance to the Fed's tune — and recent history proves it. When the Fed slashed rates three times last fall, something unexpected happened: mortgage rates actually climbed higher. It's a reminder that the relationshi ...