The U.S. stock market is now closed. The Dow (+0.57%) and Russell 2000 (+0.44%) closed out the day in the green, while the S&P 500 (-0.10%) and Nasdaq (-0.33%) dipped."Mortgage rates may react accordingly [with the 25 basis point cut]," ... "As for future cuts? We’ll need to wait and see. Future rate cuts will be dependent on new data on jobs and inflation."William Raveis Mortgage Regional Vice President Melissa Cohn offered some color on the housing market, which remains frigid in the face of higher rates: ...

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