It’s also worth noting that, in general, the impact of the Fed’s rate cuts tends to be gradual. This especially applies to mortgage rates, which do not always rise and fall in line with what the Fed does. Mortgage rates are more heavily tied to the yield on the 10-year Treasury, which has been easing since July [5].Secondly, the Fed is expected to make two more rate cuts before the end of the year [4]. Since we’re approaching the final quarter of 2025, it could make a lot more sense to sit tight and wait to ...