People hear “rate cut” and think cheaper home loans are coming.
That is not how mortgages really work.
Mortgage rates follow long term bonds and inflation not the Fed’s short term rate.
If inflation stays high and investors stay cautious banks will not lower rates.
Most of the time markets already expect the cut.
So when it happens nothing changes or rates can even rise.
The Fed is cutting because growth is slowing.
That makes lenders more careful not generous.
Simple truth.
A rate cut helps banks not buyers.
