The Fed is set to issue its first rate cut since 2020 this week. Here's how far mortgage interest rates could then drop.

The Federal Reserve announced Wednesday that it was cutting interest rates for the first time in four years. How far will mortgage rates fall from here on out? Not so much, economists say. The central bank announced a 50-basis-point cut to its benchmark rate,

The Federal Reserve is expected to make its first interest rate cut in four years on Wednesday, and while mortgage rates don’t follow the Fed exactly, they are influenced by policy. It is likely they will move on Fed Chairman Jerome Powell’s remarks following the decision.