Key Takeaways - Tariffs and Tax Cuts May Be a Formula for Higher Mortgage Rates For a while this fall, it looked like would-be homebuyers were finally going to get a break on mortgage rates. As it turns out,

These are today's mortgage and refinance rates. Mortgage rates might not drop as much next year if the Fed only lowers rates a couple of times.

The Fed announced its third straight rate cut this week, also signaling that additional reductions are likely in 2025. What could this mean for future mortgage rates?