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Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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What will happen to mortgage rates after inflation went up? 

Jul 15, 2025By

Headwinds for mortgage pricing arrived Tuesday in the form of rising inflation through the Consumer Price Index (CPI). Prices rose 2.7% on annualized basis in June, up from 2.4% growth in May, and the news likely ends the faint hopes of a Federal Reserve interest rate cut later this month.