October Fed cut's likely effect on U.S. mortgages

U.S. mortgage markets could see modest further easing if the Federal Reserve cuts rates at its Oct. 28–29, 2025 FOMC meeting, but experts warn much of that move may already be priced into bond and mortgage markets. The CBS News piece quotes mortgage lenders and market analysts explaining that Treasury yields and market expectations (CME FedWatch odds ~87.7% for a 25-basis-point cut) often drive mortgage-rate moves more directly than the Fed announcement itself, and that homeowners with 7%–8% loans should evaluate refinancing options now.