The Fed cut rates for the second time this year. Learn how this impacts mortgage rates and what to expect in the coming months.

These are today's mortgage and refinance rates. Even though the Fed cut rates this week, mortgage rates are likely to remain elevated in the near term.

The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September.

At least, that's how Federal Reserve Chair Jerome Powell described potentially slowing the pace of interest rate cuts. Powell made the comments during a press conference following the Federal Open Market Committee's decision to cut interest rates by a quarter-percent.

Anticipated Fed cuts are typically baked into mortgage rates ahead of the actual cut, so we probably won't see mortgage rates move much in response.

The Federal Reserve on Thursday delivered a second consecutive rate cut, taking the benchmark rate to 4.5-4.75 per cent. The statement contained few changes relat