"The market already priced it in," says Kevin Leibowitz, a mortgage broker at Grayton Mortgage. "That's why we're seeing lower rates." The Fed also opted to cut its rate by 50 basis points rather ...

Freddie Mac rate news The 30-year fixed rate averaged 6.76%, unchanged from last week. The 15-year fixed rate averaged 5.89%, 3 basis points lower than last week.

Fixed-rate mortgage deals have gotten cheaper in recent weeks – but will this trend continue following the Bank of England's decision to hold the base rate at 5%? And should you fix now or wait? To ...

In early October, two-year fixed-rate mortgages were as low as 3.84% and five-year fixes 3.68%. However, these have now increased to 4.11% and 4% respectively – even as the Bank of England cut the ...

Undoubtedly, if the trajectory of rates reverses, the mortgage broker may find it a bit tougher to break their high water mark of $200,000 in a year.

The bond market (bonds dictate rate movement) didn't like any of it. Yields/rates jumped at 2pm ET when the dot plot was released and continued higher during Powell's presser starting at 2:30pm.